Stocks Appear Poised to Pause
Wednesday's index action put the broader market at its most overbought level of the past six years. Not every extremely high reading has signaled an imminent top. The chart below shows many false positives.
Key market tops have red stars and the most recent excellent buying opportunities have green stars. These make sense when you see the same points in time highlighted on the chart of the SPDR S&P 500's (SPY) price movements over the identical period from March 2007 to the present....162 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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