There is no doubt about it, we are currently in a bull market right now as you read this, I will be the first one to admit it. However just yesterday we put out a MAJOR UPDATE to our VIP SUBSCRIBERS - Download it here!
You can see the chart below, that even though we are in a bull market, there is some cause for some concern at the moment.
The big market swings on the stock market in the last month or so, has reignited the debate about whether stocks will pull back with a decent size correction or we will just open the floodgates to another major rally upwards.The market is also awaiting further news on the Boston Marathon bombings, which sent an already down market to a steep decline Monday.
There has been massive euphoria in this market in the last few weeks, and it now seems that euphoria is dying off a little. That doesn't mean the market cant go higher, but the euphoria is what keeps leading us to newer fresh highs and we have not seen that over the last few weeks.
Lets face it the market is overbought at the moment, in a big way. But that does not mean the market will sell off! So the next few weeks are important and a tell tale sign of what is to come.
There are lots of earning reports from bigger companies coming out from Wednesday too, so it will be interesting to see if this has an effect on the market.
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