Hey! There are MACD crossovers to be excited about!
It's kind of funny, that after such a move in the market, the MACD is finally experiencing a "bullish crossover" in a few of the index trackers as of today. Yes, it is a lagging indicator, and I don't use it in my Black Box - maybe I should start.
But even with some of the other indicators flashing overbought signals, and I'm looking at you, RSI, that situation can remain in place for quite a while during a bull run.
My guess is that we still will not see much of a selloff the last 2 trading days of 2013. It would be nice to see some sitting around consolidating ahead of the new year. Then we can all get excited about the January effect next!
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Market Review For December 27, 2013
Justin Kuepper
Investopedia - Investopedia - Friday, December 27, 2013
Major U.S. indices moved higher this week, as higher new home sales, lower jobless claims and positi...
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