This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for January 16, 2013.
…our “U.S. Market ETF Trading Map” rates the S&P as a Buy. After a strong run of outperformance since late December low of 1398, the index stalled at 1473 and traded down to the low 1460s before rebounding. That level was also the peaks of the prior rally in December, so we should expect it…
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