Over the last couple of weeks, I have discussed the entrance of the markets into the seasonally strong period of the year and the potential to increase equity exposure in portfolios on a “short-term” basis. To wit:

“With the markets EXTREMELY overbought short-term, the setup for putting money into the market currently is not ideal.

However, as shown in the chart below, the markets have registered a short-term BUY signal that suggests that we remain alert for a pullback that generates a short-term oversold condition without violating any important supports.” 

The chart below updates that analysis from last week.

…for larger charts and more analysis (make sure to scroll down to Lance’s Sector Analysis) all can be found HERE