The market moves to a short-term overbought condition on Thursday, breadth has been positive, and the intermediate-term indicators are still positive, so I expect a dip or a pullback, and then we rally again.
Should competitors act in a way that puts the U.S. economy at a disadvantage, then by all means the FOMC must act with a level of anger that intimidates.
In his September market outlook, Rob Isbitts advises investors to prepare for the worst, while looking for ways to take advantage of whatever comes next.
Traders betting on a stock market melt-up should buy Spiders down to its semiannual pivot at $294.72. Reduce holdings on strength to quarterly monthly risky levels at $305.22 and $319.09.
