Stocks are at the top of their up channel, and have become somewhat extended. They remain vulnerable to a pullback.
Source: Gary B. Smith, TC2000
The markets up trend line (lower line), they present a lower risk entry point for buying. A violation of that trend line (S&P500 1025-30) would be a significant sell signal.
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Quote of the Day:
“No man can always be right. So the struggle is to do one’s best, to keep the brain and the conscience clear, never be swayed by unworthy motives or inconsequential reasons, but strive to unearth the basis factors involved, then do one’s duty.”
-Dwight D. Eisenhower
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.