May Need Some Digestion Here
How many more times in the next few weeks do you think we'll hear midday swoons on rumors that the Democrats and Republicans are far apart? How many midday rallies will we see on word the two sides are chatting again? I know I have lost count how many different swings we've seen this week just on Congress' "open mike" policy. It's exhausting.
In the meantime, a short-term overbought condition is coming up. As longtime readers know, the Oscillator I show here each day is the 10-day moving average of the daily net differential of advancers minus decliners on the NYSE and the Nasdaq. So we look back 10 days in order to determine whether the market is dropping a string of red or black numbers. As we headed into Thanksgiving week, it was a series of negative numbers....358 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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