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WALL STREET CRAPS STOCK MARKET OBSERVATIONS FOR MARCH 23, 2014

March 22nd, 2014

craps front coverSTOCK MARKET OBSERVATIONS FOR March 23, 2014: The stock market rallied sharply in the beginning of last week which prevented a true “oversold” condition from developing. With weakness towards the end of the week, the stock market is currently showing “neutral” readings across the board. This means that the market has an equal chance of going in either direction. So be patient and wait for the market to set itself up for its next important move.

Key underlying market indicators show the following

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My advice for traders and investors is to be largely in cash while the market is in this indecision pattern. There are currently no stocks or Exchange-Traded Funds that are in the “oversold” area. Along with the “neutral” readings on all of the internal indicators, this is most likely a time to sit and wait for the next major move to take shape.

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