Are stocks too tired for another big leg up and ready to plunge? Or are they merely biding their time, waiting for a short-squeeze opportunity to materialize in the form of more ginned-up ‘good’ news about America’s anemic economic recovery? My hunch is that the broad averages are likely to move at least somewhat higher, possibly to marginal new records, before DaBoyz ring down the curtain on bulls. For potentially tradable details, check out the current E-Mini S&P tout.
Exhausted, or Ready to Explode?
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