MAMO Update

Quick update on the macro oscillator I introduced here.  Still bullish, but losing momentum.

It takes a lot to turn this indicator.  I believe that the personality of the market has changed in the near-term and market participants are dying for some faster conditions (I know I am).  We’re still in a bull market, and I do not think we’ve seen the highs for the year, but they’re coming for your stops in the mean time.  I’m traveling for the rest of the week and will not return to the office until Tuesday.  Enjoy the long weekend.

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