A Failed Rally Seems Imminent
Tuesday's action certainly answered the question of whether bad earnings are priced in. This wasn't so before the afternoon's action but, my oh my, did it become the topic of conversation as the session wore on. I am sure folks will now be turning over every stock, wondering if there will be a disappointment under it.
While some may like the fact that the S&P 500 bounced off the 50-day moving average, or the uptrend line that has been in place for a while, I always prefer to check in on the statistics and indicators. These remain mixed, but let's review some of the intermediate-term readings and how I expect them to fare in the next week or two....354 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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