Weekly fundamentals continue to improve. The trend of the market remains up. The
SPX is now moderately overbought on a short term basis due to 14 day RSI and a
3% premium to the day 25 day m/a. The same holds for the intermediate term trend
based on a significant SPX premium to the 200 day m/a and the very high % of stocks
trading above their respective 200 day m/a's. SPX Chart
February could be tricky. Historically, it is a seasonally weak month and the next 9
month cycle low is due as well. Nothing biblical here, just reminders.
1 comment:
In the short term 2013 is excessively ripe and as you could say very fertile . Like the Nile river in Egypt. 2014 well I don't care I mean come on I have lived through 2013 . and scene...
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