An unbias assessment of the stock market in an attempt to find clarity in this crazy financial world.
Analysis
Monday, January 7, 2013
S&P 500 close 1/7
I think I maybe losing my window to buy. The S&P 500 retreated early today by 9 points before rallying into the close and finishing at 1461. We have consolidated a little at these levels and I give it one more day before I throw in the towel for a value buy. Long term and short momentum indicators are now both gaining bullish momentum and we have crossed into bull territory on the long term indicator. I will watch the open very carefully tomorrow and perhaps make a decision.
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