The uptrend in the markets have resumed higher after some fairly heavy selling during Tuesday’s session. As I have been saying for quite some time now, one cannot assume the uptrend is over until several factors begin to change. These include looking at things such as moving averages, support levels, volume, breadth, etc. As I write this we are waiting for news out of Greece to hopefully move one step closer to turning the corner in the European Sovereign Debt Crisis. Only time will tell what will happen in Europe, but betting against the uptrend without a significant change in the factors mentioned above may prove to be costly.
Past performance is no guarantee of future results.
The S&P 500 is an unmanaged index. Investors cannot invest directly in an index.
Eric Marvin, CFP®, CRPC®
JPT030812-367
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