Market's Bill of Health: Possible Short Term Top

From - Advisor Perspectives
January 17, 2013 - 8:44am

Jan 17, 2013 Chris Puplava  The rally since the start of the year has continued to improve the S&P 500's long term, intermediate term, and short term trends as all firmly display bullish readings with more than 60% of S&P's 500 stocks having rising moving averages. However, there are some signs that internals are weakening on a short term basis that may argue for a further pause or mild pullback. That said, given that the S&P 500's intermediate-term momentum remains strong (see MACD section below), any short-term correction that takes place is likely to be mild....More...

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