Friday, January 11, 2013

Weekly Market Summary

This is the first post of a new weekly market summary.

Our overall view remains positive. Trend and breadth, the two most important factors, remain bullish. For the 7th week out of the last 8, a majority of indices and sectors closed week >13ema. This week: all 4 indices and 9 of 9 sectors as well $EEM, Euro 350, All World ex-US. Conversely, $TLT <13ema the last 7 weeks.

The main concern is sentiment; it's not hot, but getting warm.