Should we be concerned?

The indicators I follow are starting to give back some ground.  Not enough for a reversal, or a sell signal. But it’s the first few cracks we’ve seen in a market that has gone nearly straight up since late summer.

We’ve been on offense since June 30th, a long time.  So a reversal would not be a surprise.  Just remember that if we do get a reversal, or a sell signal, it would be the first in a long uptrend, which is usually nothing more than a stall (or a breather, or a head-fake, or a false reading; call it what you like).

As always, we will keep you informed as soon as changes need to be made.

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Tagged as: indicators, market conditions, sell signals