
“Mixed”!?!?!

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All the US indices are now pretty overbought, with the NDX in particular being the most overbought (6 days up in a row).
My NDX DAILY SHORT model shows a very high probability of reversal, however probability is a statistical assessment, so we cannot exclude the scenario where the NDX closes higher, again, on Tuesday. That would be 7 days up in a row.
(more…)In the map below, the yellow portion is Washington, D.C. The red parts are areas in which the GDP per capita is lower. As for the parts in which GDP is higher, there are none, since – – well – – public employee unions, lobbyists, and other hardworking public servants.