A Shocking Reading
I would love to discuss all sorts of indicators on the market -- such as the McClellan Summation Index, which is desperately trying to turn up. Or I could mention the Hi-Lo Indicator, which did turn up from that sub-20% area I've discussed over the last week or two. I would love to note that the market is not yet reading at maximum-overbought. I'd even love to talk about the Dow Jones Utility Average, which had a fabulous session Monday.
But the only thing that jumps off the page is that the put-call ratio was extraordinarily low. I want desperately to ignore it, because all the other indicators say the market should try the upside some more. Let me explain why I am so torn....389 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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