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Some elements were in place, but not enough of them.
Charts are about 15 years apart, but vaguely similar.
| Nov 11, 2015
| 1:24 PM EST
I have discussed this narrow market several times in the last 4-5 months, beginning back in late June when I w...
It wasn't widespread or strong enough to alter any of the indicators, but it sure was a welcome change.
Just last week a reader poll revealed strong buyer sentiment, yet the S&P 500 now has yielded all of November's gains.
My preferred scenario is to see a pullback that is followed by one more rally.
This unnoticed pattern has happened 4 times in the last 3 weeks. And we have just had 2 down days...
Ebbing and flowing can make it healthier.
Informal Twitter poll shows 60% of respondents think S&P 500 will close above 2100 on Dec. 31.
It's difficult to embrace a rally where folks only see upside yet the rally remains rather narrow.


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