This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
As nice as the red is – – I’d love 1,000 days in a row of this – – we always have to be on the lookout for strength. I wanted to point out the risk at this point by way of the small caps. What really needs to happen is a failure of the tinted area. As it is now, this would actually be a sensible place for the market to find support.
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.