Friday, January 18, 2013

Weekly Market Summary

Our overall view remains positive. There is no apparent weakness in either trend or breadth, and we are still in a seasonally bullish time period. For the 8th week out of the last 9, a majority of indices/sectors closed >13ema. This week: all 4 indices and 9 of 9 sectors

Sentiment changed this week, from neutral to negative; fund manager cash balances are at the low end of the range and equity weightings are high. Other sentiment readings are not extreme, however