Category: 3. Trends
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Sucker’s Rally in OIL?
The markets have been performing well over the past week, but I remain cautious for the reasons previously stated: http://www.wealthsteading.com/141 http://www.wealthsteading.com/142 Recovery has been largely in defensive areas- the DOW is above its 50dma, while the S&P500 is trading at its 50dma and the NASDAQ remains below its 50dma. Money has migrated to “safe harbors”…