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  1. That's a Lot of Bull

    The good news is that had another positive close Friday. The bad news is that sentiment continues to be highly bullish. Typically, that's a warning for the stock market. We've been bulled up in numerous pockets for at least a week now, and next week looks to be shaping up the same way.

    Last week our TSPTalk sentiment survey had 58% bulls to 28% bears

    This coming week:
    62% bulls to 28% bears

    Then we have Investor's Intelligence showing over 48% ...

    Updated 12-12-2009 at 10:32 AM by coolhand

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  2. Charts

    First off odds favor I'm wrong on the Bull Flag. Flags are typically much shorter and never longer then 3 weeks, any longer and they become channels.
    Super Long Term Outlook-spx-png


    In black, AGG's 5 minute chart gave us convincing evidence it wanted to put in a swing low at the 104.76 which was tested many times throughout the day. However, it hasn't changed my mind and I'm still expecting a close off the green trendline.
    Super Long Term Outlook-agg-jpg


    The
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  3. Must Be the Holidays

    Another lackluster day, but at least we closed positive.

    There's not a lot to say about this trading environment. We continue to trade in a tight range with no meaningful movement up or down. One thing to be aware of though is sentiment. Our survey is currently showing 62% bulls. If other polls remain bullish as they did last week, we could be in for more sideways trading. At best lighter volume trading may push the indicies higher, but that remains to be seen. The fact is, I don't ...
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  4. Flags

    In regards to the dollar I ask myself this. What has changed? Do I have more faith in the dollar today over 2 weeks ago? Gold is resting, rest assured buyers will step in before they step out...JMHO

    AGG's hourly chart has me expecting a lower close, perhaps within the yellow circle. Drawn in white is a Bull Flag from the previous wave.
    Username Colors-agg-png

    Speaking of Bull Flags, Tom's commentary mentioned one forming in the S&P 500 the other day. Here's what it
    ...
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  5. Holding Steady So Far

    Another day filled with weakness, but we managed to close higher (albeit modestly) keeping the bullish case alive for at least another day.

    So far weakness has been contained. But as I said yesterday, the last SSBS has not produced a decent rally outside of last Friday, and that wasn't a slam dunk either. This market is keeping both bulls and bears guessing, but I don't think it will be too much longer before we see another big move.

    The Seven Sentinels remained on ...
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SPY (C Fund) (delayed)

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EFA (I Fund) (delayed)

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AGG (F Fund) (delayed)

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