July 5, 2011

Short-term: 1 green 2 yellow 1 red
Intermediate-term: 3 green, 1 red
Composite: Neutral but improving

Some deterioration – but more indicative of a needed pullback for most stocks. If logic/rationality worked, there would be a pullback for most stocks with only some “in the clear” right now. But there is no rational reason to assert that reason plays a part in anything.

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