Wild gyrations on Italian worries couldn’t keep bullish seasonality from holding sway, leaving the S&P 500 (SPY) up +0.9% on the week.
I continue to lean net bullish. However, price is once again in neutral territory with ample room for a move in either direction. Also, while shorter-term models are now emphasizing equities, the longer-term 10-month relative strength rankings provided below continue to emphasize the safety trade.
[Week 46 Calendars: Economic | Reporting]
Source: Mrkt_Commentary subscription service; prior weekly posts.
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