Won't Be Hoodwinked Again
We surely got the short-term oversold rally Monday, didn't we? While the action did not change any of the overbought intermediate-term indicators that I reviewed in full Sunday, I'll make a few points about the rally.
Despite what seemed like a ball of enthusiasm, many skeptics clearly remained, as the put-call ratio came in above 100%. That tells me market players were hedging their bets just in case the folks in Washington couldn't come up with some Band-Aid solution by the time markets opened in the new year....370 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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