Aug 16, 2010

Another dead market. Overseas markets look much better but I’m hesitant about them until I see some downside shock in Sep or so.

Short-term: 1 green, 3 yellow – tending yellow
Intermediate-term: 3 yellow, 1 red – tending yellow/red
Stock target: 63% swimming, 23% neutral, 14% sinking

Oversold bounce possible here but not enough upside to bother with.

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