Dividend Digest 271, April 15, 2015
The S&P 500 has become overbought as measured by the 5 day RSI (arrow). This can be some sort of top, but it can also be a sign of strength. Stay tuned. and there was concern about Q1 earnings reports which get under way in earnest this week. Gold fell back by $6. A stronger dollar again got credit for the drop.
Our intermediate term system is on a buy from Feb. 20, 2015. We are long the SPY from 206.43.
Stephen Todd, Todd Market Forecast, www.toddmarketforecast.com, 909-338-8354, April 10 and 13, 2015