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Jeff Clark: The market is storing energy for a huge move
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Thursday, May 28, 2009
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By Jeff Clark in Growth Stock Wire

It's getting a bit tiring, waiting for the great decline that never comes. But it will.

Technical indicators have rolled over and generated intermediate-term sell signals. The major market indexes have broken down from bearish rising-wedge formations. Insider selling is at the highest level since October 2007. And investor sentiment, a contrary indicator, is off the charts.

But the market hasn't broken down. Not yet, anyway. Oh sure, the S&P 500 has pulled back a bit after topping out at 930 three weeks ago. But a 3% decline following a 36% rally is a freckle on the market's bullish complexion.

Read full article...

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Topics: Jeff Clark | Stocks
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