Risk-On Still In Favor After Bullish Week

From Short Takes
January 4, 2013 - 4:31pm

We mentioned in one of our videos a few weeks ago that the outcome near the green and blue trendlines below would be important for global stocks. Friday, EFA closed above the trendlines, which cannot be interpreted as anything but bullish at this stage. Are the markets due for some type of pullback/consolidation? Yes, [...]

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