Market Outlook

This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for February 1, 2013.

…our “U.S. Market ETF Trading Map” rates the S&P as a Hold. The index pulled back to test support at the January rising trend line after recent rally attempt ran into resistance near the lower edge of the red band. After reaching a multi-month high last week, Money Flow measure had trended slightly lower, suggesting that while traders were hesitated to buy at current price level…

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