NAVIGATE THE STOCK MARKET FOCUSES ON:
(1) Daily momentum analysis of the DOW 30 stocks and 15 ETFs across various market sectors.
(2) Stock Market commentary and analysis.
(3) Buy/Sell signals for major market turns.
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Monday, February 7, 2011
Correction coming?
Well maybe, but we haven’t seen a good signal for the short term – I am looking for a small (say 5%) mini-correction anytime.Apparently, so is everyone else.
%-Bulls dropped to 42% today.On 28 Jan, %-bulls was 59% so we have backed-up quite a bit.This may give us some more room to keep climbing-the-wall-of-worry.We’ll see.
The Navigate the Stock Market (NTSM) analysis is still a hold.