Wednesday, July 04, 2012

Markets can remain overbought

Markets have been holding up well since last Friday's buying spree.  In fact they are now quickly approaching or at overbought levels.  Expect some sort of consolidation of gains in the near term.  Trading is also light this week due to 4th of July holiday here in the US.  Markets can also remain overbought for some time and that is when best gains are made if you are in the right vehicle.

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