Mixed Feelings

The statistics argue for a continued rally in the stock market. The market will not be overbought until around New Year's and seasonality is very strong at this time of year. That said, we have just had a large move and are gapping up again today so we could see some give back in the short term. While we could see some short term weakness, I believe the market deserves the benefit of the doubt until the New Year.

 

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