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Weekend Market Summary for Sunday, February 12, 2017

From Investmenthouse.com:

MARKET SUMMARY

– The Art of the rally.
– Stock indices continue their rally to higher highs on another promise of
something good to come.
– Some leaders faded as the NYSE indices broke higher. Rotation or some
leaders falling out.
– Market still has macro negatives as it continues what has been a macro
uptrend.

Their take is the market is toppy, in a nutshell.  That doesn’t mean it can’t go up from here, but the last leg up was on lower volume.  Also, the Bulls vs. Bears has bulls at 62.7; above 60 for four of the last 6 weeks.  This is ‘usually’ indicative of a market top.  They point out the sellers have not stepped in, yet.  Good luck!

For more, head to:  http://www.investmenthouse.com/frblog.php

 

 

 

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