Long term remains overbought.
Medium term is quickly becoming overbought.
Short term made new highs today. Remains overbought.
People make me laugh. The Fed announces that it is going to continue to create debt to hand to the government and the banks. And this means to buy stocks at overbought levels. If you weren't buying three weeks ago when I said my short term indicator was showing strength, you shouldn't be buying now at all time highs. It's illogical. Yes, you may continue to make money, but your odds of success have went down.
"When fascism come to America it will be wrapped in the flag and carrying a cross."
-- Sinclair Lewis
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