When positions get too one-sided, they can snap back in the opposite way -- but that may not mean there is a change in trend.
Uptrends persist, but we're in overbought territory.
You can't kick yourself for missing out on Thursday's big rally if you preferred to be underinvested going into the CPI report based on your investment or trading style.
Plus, trading volume on the Big Board and Nasdaq got turned up to ear-deafening levels on Thursday.
There was a cornucopia of reasons why investors fled risk assets on Wednesday for the perceived safety of cash.
McClellan oscillators are mostly overbought.
Plus, the Treasury yield spread moved in the wrong direction Tuesday, signaling possible economic hardship ahead.
The S&P 500 has posted a positive return for the 12-month period after a midterm election 19 consecutive times. That's a pretty nice batting average.
A key contrarian indicator has turned very bullish.
It's a dicey play as the price action isn't defined as yet and the ETF still could break lower.