Thursday, January 3, 2013

S&P 500 close 1/3

A little retreat for the markets today but nothing substantial and nothing significant enough to put some money at work.  Still looking for a better entry point and hope to see one soon. Long term momentum is still improving but short term momentum looks to be topping out.  We are way above the value zone with the top of the zone being 1432.  I doubt I will see that number but something under 1450 would be nice.

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