It's time to move to the sidelines...
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It's time to move to the sidelines...
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In short, the S&P 500 looks like it could make another push up toward new all-time highs before stocks roll over into a correction...
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There are still plenty of reasons to be cautious, but we're not there yet...
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One of them is Microsoft (MSFT)...
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If you're on the wrong side of this move you could get wiped out...
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In short, there are some notable divergences that stand out today...
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In short, the VIX is at support, the MACD indicator is trending higher, and investors in general are complacent...
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Things could get rough for them...
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In short, if we get the sort of selloff we saw in each of the past three years, the market will wipe out most of the early gains from this year...
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Two have broken down, one is rolling over, and the last looks overstretched to the upside...
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