Sunday, February 19, 2012

SPX and Initial Claims Remains Bullish

But lest I appear too Bearish, please note that the one thing still pulling the market higher is Initial Claims.  That is still very Bullish and provides a strong counterweight to all the negatives coming into play.  So the picture is not as rosy as it was, but at worst it remains mixed.

But I still expect a market correction.  Soon.

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