Time to Be Cautious With Your IRA Trading

The worst enemy of this market, in my opinion, is investor complacency. Unfortunately, there are now a few signs that investors are becoming convinced that the market can only go up and that any small correction is a buying opportunity, and that's a sign for you to tread carefully in this market.

Interviews with money managers on CNBC yield almost universally bullish opinions, and most people, including me, are happy with the returns of their portfolios this year.

These are anecdotal observations and, so far, my long-term indicators have not shown any real deterioration. They remain bullish but, if the good times continue for a while longer, the outlook could become more problematic.

My intermediate-term indicators have, in fact, shown some weakness after the strength last week. Two of the three indicators remain neutral, but the third has now slipped into negative territory. Let's look at its chart now. ...