It is hard to find anything wrong yesterday about a rally that takes the S&P 500 (SPX) and NYSE advance-decline line to a new record high, while the Russell 2000 (RTY) broke out of a base to a new 52-week high. The SPX is now up just over 1% from our call for limited and temporary correction, so the question becomes whether we ignore our tactical indicators and expect a chase higher into year-end? The short answer is no.

Sign up to access the rest of this content!

This content is not available to free users. Sign up for a paid account to access the rest of this content.

Share this: