Market's Bill of Health: Short Term Correction Looks Underway
From dshort.com - Advisor Perspectives February 20, 2013 - 9:05pm
Feb 20, 2013 Chris Puplava The cyclical sectors of the market have been weakening over the last few weeks while defensive sectors have strengthened, a sign of sector rotation that typically occurs prior to market tops. Additionally, there were a few canaries in the coal mine beginning to sing as highlighted two weeks ago that suggested a short term top was in the making. It looks like February 19th was a top in the market and a much needed correction to work off bullish sentiment and overbought technical readings is underway.More...
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