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Today's Comments (Short Term Outlook)
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Just some follow up... Stocks were up yesterday, but it was a relatively quiet day compared to what we have been seeing. This will be quick as there isn't too much to add to what was said on Monday and Tuesday. The NYSE is getting near the extreme overbought levels. A strong market seems to ignore the overbought readings...  Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk Here is some historical data, thanks to sentimentrader.com, following up on our recent 200-day moving average analysis. Except for a few black eyes, the data actually looks pretty bullish overall.  Chart provided courtesy of www.sentimentrader.com You may have received an email alert yesterday as we made an interfund transfer in our hypothetical, less active, buy and hold type account that we track. We rarely make changes in this account but you can find the details of the transfer on our Longer Term allocation page. This is not what I do in my own account. It's our best attempt at managing a semi-buy and hold account. That's all for today. I'll leave yesterday's commentary below as the song remains the same. Thanks for reading! See you back here tomorrow. |