The S&P 500 managed to gain +1.5% on week after Friday’s trifecta of Mubarak’s step-down, the extended Freddie/Fannie dissolution plan, and better-than-expected consumer sentiment. While par for the course in this POMO world, indices also entered into early stages of short-term overbought once more after the pause earlier in the week. Look at that Omega/ Risk-Reward reading on the Dow, incredible!
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