Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 659.03

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Nov 21 4:00 PM EST

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To: GROUND ZERO™ who wrote (38684)	10/9/2012 6:08:18 PM
From: Keith Feral	Read Replies (1) of 219263

If every buy signal worked, there would be NO sell signals. Then, we'd have the mother of all bubbles on our hands! Soon everyone with be looking to buy the dips after all the year end tax selling dries up this month. I'd be a lot more concerned about the direction of the market if yields weren't holding above 1.7% the past few days. Analysts are gasping about lack of EPS growth, even though we are seeing great dividend growth. Pullbacks and sell signals are necessary to retain good yield balance to the market. Tech stocks are rapidly moving into the top yield slots on the DOW. I guess HPQ could push lower to generate a 4% yield from here, but it's getting very close to a 4% yield like INTC. It's interesting to see that central banks like Israel are putting more money to work in US equities rather than bonds. With the DOW pushing through 13,275, I think that would be support for now. I still see 75 points of fluff left in the market. I don't think it would be a disaster to see the DOW slip back into the 13,300 range before retesting recent highs again.

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