Bullish Indicators Galore, But Stocks Overbought In Short Term

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Bullish signals were everywhere this week. The S&P broke above it rising wedge. It retested support & then made new highs. And buy signals on both a daily and a weekly basis have been recently triggered.All this bodes well for a strong end to the year, predicts portfolio manager …except that in the immediate term, stocks are looking overbought and some sort of pullback feels warranted.Lance and I talk about this potential run-up into the end of the year, as well as rising liquidity, credit spreads, earning estimates, volatility and much more in this week’s Market Recap.Video Length: 01:16:53More By This Author:

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