Money, Stocks and Economic Freedom

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Location: Southbury, Ct, United States

Thursday, June 18, 2009

Rally weakens

The biggest rally in the U.S. stock market in many years is starting to get a bit weaker. Caution should enter into the equation at this juncture. The easy money has been made. For the market to push higher we need things to get "better" or "good" not "less bad" Any push higher from here that leads to a break above recent highs would make this a pause that refreshes. A breakdown from here, especially if we work off the short-term oversold readings without price appreciation would cause me to raise cash. Caution is the word right now.....