You never really want to argue with the price action of the market, and today looks like a strong day on the surface. But the volume behind the move is really low, which makes me more cautious in that there seems to be little conviction behind today’s rally.As for the sentiment indicators, they are flashing more signs of slight complacency lately, or at least a lessening of bearishness. The ARMS Index is below average today at 0.79;The CBOE put/call is slightly low at 0.83The ISEE is about average a[...]
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[Source: The Money Blogs]
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