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The market appears to be stuck in neutral. Our momentum models are posting buy signals while our leadership models are reading sell.

According to our technical analysis, the charts paint a clearer picture. If we don’t make a move up right about now, we could have some selling pressure. As you will see on the chart below, all 3 of the major indexes are at the cusp of delivering a sell signal.

sp-500-12-29-2008.jpg

Source: Market Signal: Proceed with Caution