Wednesday, August 24, 2016

Market Feeling Heavy

Metals, healthcare and oil got a good beating today. Major indices were all moving lower, but the longer term view is still bullish. We are staying at overbought levels, but no real movement in the last 2-3 weeks for indices.

Apparently everybody is waiting for Yellen's speech at Jackson Hole this Friday. I'm expecting lots of volatility that day, but wouldn't put any money on the direction the market will choose.

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