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On the Edge

Several of my¬†core market health indicators are sitting on the edge of going negative. One notable exception¬†are my core measures of risk. That category has moved into overbought territory. Normally, this means several weeks of continued rally, however, I’m in a bit of doubt due to the weakness in all the other categories. This time it might mean it’s time for some consolidation. I expect we’ll get more clarity over the next few weeks.

 
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