Stocks See Déjà Vu All Over Again - Further Records Likely
SPX500 –It feels like déjà vu all over again as the S&P 500 rockets to fresh highs, and retail speculators continue to sell into SPX500 gains. We see little choice but to favor further gains.
Trade Implications SPX 500– Retail crowds are now their most short SPX500 since the S&P last set record highs, and indeed there seems to be scope for further stock market gains.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.