Afternoon folks! Another nice week in the markets last week with the s&p up nearly 2.5%. This stock market just wont quit and seems to throw all its roadblocks out of its way. We are getting a bit overbought and overextended and that raises some slight caution but the price action this past week has not shown us any warning signs or signals that the market is slowing down. Typically we have worked off overbought conditions with sideways action or some choppiness.
Stock Market Review 3/18/2012
Afternoon folks! Another nice week in the markets last week with the s&p up nearly 2.5%. This stock market just wont quit and seems to throw all its roadblocks out of its way. We are getting a bit overbought and overextended and that raises some slight caution but the price action this past week has not shown us any warning signs or signals that the market is slowing down. Typically we have worked off overbought conditions with sideways action or some choppiness.
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