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September 29, 2013

Equity Outlook Weakening

The Docfolio now contains an equity short. While Friday's decline could easily be categorized as miniscule, the fact that the SPX is edging closer to its 65DMA is anything but a positive sign for the bullish case. Stocks typically don't drop down to the 65DMA until a daily cycle is already in decline, and if this cycle leaves behind a Day 13 peak, we will certainly see ...

 

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