Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.
-
Instablogged Stocks
Stocks that instabloggers have most recently written about -
Latest Instablog Posts
-
1
Belvedere Suspends Operations At Hitura In F...
-
2
Why Oculus Innovative Sciences (OCLS) Offer...
-
3
WesternZagros Reports Improved Q1 Cash Posit...
-
4
Forex4you Technical Analysis 23 May 2013
-
5
Sunridge Gold Defines Sixth Mineral Resource...
-
1
-
Top Instablogs
See all Top Instablogs »
Stocks Correct - Fuel Tank At -10 0 comments
The S&P 500 experienced its first weekly correction in 2013 and the Pring Turner 10c Fuel Tank now sits at a fairly neutral reading of -10. It will be interesting to see if this is simply a short term blip on this bull market advance or if there is a further correction in the weeks to follow. One indication that we could see a continued correction in the weeks/months ahead is the number of buying climaxes recorded last week. According to investors intelligence there were 386 buying climaxes as of the week ending 2/22/13, the most since May 2011, with a lot of those climaxes being stocks indexes themselves. Additionally of the measly 30 selling climaxes registered last week 15 were ultra short ETFs.
(click to enlarge)
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
Share this Instablog
Latest Followers
Posts by Themes