Thursday, January 17, 2013

S&P 500 close January 17 2013

Strong day for the bulls as we got some lift after the recent consolidation.  The stock market started strong and then rallied to 1484 before finishing off the highs at 1481.  From here we may be getting a little ahead of ourselves.  The short term indicator for the S&P 500 is a bit weaker and the small sell off at the close suggests we may have topped off.  We may retreat a little from these levels as the value indicator tries to play catch up from its current 1463 level.  Long term still attractive, I may be buying on a dip with some of my cash.

We are moving to at the end of the month.  We will dual post until the end of January until we fully transition to the new site.

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