A Stock Market Tug of War
A Stock Market Tug of War
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The current Rydex/Insider dynamic has been a prescient indicator of market pullbacks and pauses.
McClellan Oscillators Are Nearing Overbought Levels Our latest look at the market's charts and indicators. More highs again. Once again, several new all-time closing highs were registered on the major equity indices on Friday as the vast majority remain in near-term uptrends and lacking sell signals. Meanwhile, the one-day McClellan OB/OS Oscillators are nearing overbought levels and forward 12-month earnings estimates for the S&P 500 continue to rise. As such, while we believe some very selective buying of individual names is still appropriate. On the Charts All the major equity indi...
Stock-Picking Becomes More Important in This Market Environment