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Merrill Lynch: Sell this rally
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Friday, July 16, 2010
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From Pragmatic Capitalism:

Merrill Lynch’s technical team is recommending investors sell into recent strength as they view the medium-term risks remaining high. According to Merrill, sentiment levels set the table for a summer rally that should fail heading into the third quarter. They believe the S&P could rally past 1,100:

“The equity market reached oversold levels and the technical breakdown brought in the bears. AAII and Investors Intelligence bull-bear readings moved to..."

Read full article...

More from Merrill Lynch:

CNBC's Cramer: Get out of stocks now

This chart says stocks could be in big trouble

Top manager Zulauf: Stocks are on the verge of another huge collapse

Topics: Merrill_Lynch | Stocks
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