There is an interesting change in tide, the bulls have reached 60 and have been above that level for two weeks now. This is a possible point where the buyers are finally exhausted on this run-up and now it’s time to see if the 60+ reading will hold after 20 years according to the site. Here is the summary:
– Inauguration in the books, Trump presidency starts, market still waiting
to see what happens.
– Earnings beats, earnings misses fairly evenly split in what is thus far a
let down season.
– PBOC lowers reserve requirements, an odd move given how it is supposedly
– Plenty of good stocks in good positions ready to go if they get a reason
to do so.
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