Weekend Reading: The Coin Flip Market

by Lance Roberts
Real Investment Advice

As summer begins to fade, and kids return to school, the focus once again turns to the annual event of Central Bankers in Jackson Hole, Wyoming. However, if you only looked at the market as a gauge as to the excitement of the event, well it must have been one pretty boring after-party.

[…] The current action is aligning more closely with a normal corrective event from an extreme overbought condition. During such a “normalized” market correction, the market should pull back to the most recent support, hold that support level and turn higher if the current bullish trend is to remain intact.

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