A Crucial Test Is Afoot
This week should bring about the first near-term test of the market, as the major indices are a little short-term overbought heading into Monday morning. Friday, when the employment data are due for release, is when the market looks to be maximum-overbought on a short-term basis.
Then there is the Russell 2000, which I have favored since last Wednesday. It continues to keep pace, something it did not do for much of February and March, and I consider that bullish. However, you might recall this 830 level has been rather formidable resistance since February. The Russell managed to get above it for a day or so in March, but it soon fell right back down....342 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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