Market’s due for some sort of a pause/and or pullback here. The S&P is a couple of standard deviations above its 50-day moving average, and you’ve got some seasonality here that’s a little questionable. February is typically a weak month for stocks and so far this year, the S&P is up 3 percent for the month and 7.5 percent year-to- date.
Another negative sign for stocks was a report last week showed a big jump in short positions by hedge funds. The smart money is short $7.4 billion versus various indices as of last Tuesday… That was up from a previous $2.7 billion. That’s one of the largest weekly jumps have ever seen, and it’s the highest short position by the commercial hedges since 2002. Another point of concern is that the move in the Dow has not been confirmed by the Dow Transports, which would have been a bullish sign. There seems to be a pause, or a little bit of a pullback. http://www.cnbc.com/id/46375866 -- '+' Follow positif01indo on Twitter: https://twitter.com/#!/positif01indo Persetujuan *request followers* baru diberikan hanya satu kali tiap akhir kuartal maks 500 *request */ diskresi kami.
