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"Interestingly, the U.S. is the most overbought country on the entire list, trading slightly more extended than Japan. Needless to say, we've had a nice run here in the U.S. over the last few weeks."
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"How stocks perform from here remains to be seen. But as we approach what is an important major resistance level for the S&P 500 at its previous all-time highs, it is important to remember that there are always two sides to every story. For just as stocks can go up seemingly each and every day despite the prevailing risks in any given market environment, so too can they descend lower each and every day no matter how good the underlying fundamentals may be."
Read the full article here. "It would shock me if we just busted through this area, especially considering the run we've had in recent months." Arbeter wrote. That's why he thinks we could see "a decent pullback in the coming weeks of 3% to 5%."...
"Arbeter predicted correctly that "we can get near or top the old highs in the first quarter of 2013." In his missive this week, he said he thinks we're still heading higher. "We do not think we are anywhere near a major, long-term high," he wrote. And Johnson maintains his price targets for the S&P of 1,700 this year and 2,000 in 2014. He says the coming pullback "may represent the single best buying opportunity this year."... "So, no need to panic, folks, especially when so many of your fellow investors are still so glum -- even after four years of rallies and a 118% gain in the Dow from the 2009 lows."... "So, if you've missed the rally, I wouldn't jump back in with both feet right now. But if you've stayed the course and made good profits in this bull market, I might take a little money off the table..." Click here to read full aricle "The Dow Jones Industrial Average (INDU) (DIA) hit an all-time high on Tuesday. The benchmark has more than doubled since the recession in 2007, and most other global stocks jumped tracking the strong gains in the U.S. markets. Some analysts say the Dow may extend gains as a top is unlikely soon"
Click here to read full article "This morning the Dow broke its all time record high -- set in October 2007. Can the S&P 500 be far behind? And is this the early stage of another great bull market? Let's look back at the two previous times when the S&P 500 set new all-time highs and see if we can learn something. Wait...first put your "this time it's different" glasses on. OK, let's go."
Click here to read full article "There were about 12 stock-sale announcements over the past three months for every purchase by insiders at Standard & Poor's 500 Index (SPY) companies, the highest ratio since January 2011, according to data compiled by Bloomberg and Pavilion Global Markets. Whenever the ratio exceeded 11 in the past, the benchmark index declined 5.9 percent on average in the next six months, according to Pavilion, a Montreal-based trading firm."
Click here to read the full article "At the end of the day I don’t really care in which direction the market goes. I don’t run a long only fund. I’m not an analyst at a sell-side shop that needs to keep clients thinking positively. I can trade whatever I want and in whichever direction I want. So every day I rip through hundreds and hundreds of charts. I look at countries, commodities, and currencies from all over the world. And I still can’t find a reason to be optimistic about the short-term prospects for risk assets."
Click here to read full article "Seymour’s conclusion: There are nine indicators you need to watch. Just nine.
They range from the Volatility Index or “VIX,” a measure in the options market, to the Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI), to the amount of stock that insiders are dumping on the market. He put them all together in a doomsday machine he calls “the Greedometer.” It tells you just how dangerously complacent and carefree the market has become at any momen" Read full article: http://www.marketwatch.com/story/danger-as-stock-market-greedometer-flashes-red-2013-02-28?pagenumber=1 |
It's always a good idea to keep some good articles, at least I think they are good for reference, so I can go back and read them later.
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