Editor's note: This piece originally ran earlier today on our newest Premium service, ETF Profits . Click here for a 14-day trial to this exciting product!In today's fast-moving markets, it's not easy to develop a bearish or bullish stance and stick with it, especially when whipsaw action is commonplace. I use price and volume clues in the major stock indices to tell me when to be bullish and when to bearish, and recent market action has caused me to slant toward the bearish side. But don't get me wrong: I'm not expecting a bull-blown bear market to take shape. But I am expecting a short-term pullback before the bull run resumes. Recent U.S. economic data have been too good to ignore, but I also believe that the market needs to digest its recent gains a bit more.
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