Monday, June 24, 2013

Technician John Betz: Healthy Correction – Buying Opportunity Ahead

Also, Ryan Puplava With the Market Wrap-Up, Erik Townsend on Commodities and Rob Bernard on Fixed Income
by James J Puplava CFP
Financial Sense

Jim welcomes John Betz CMT, Technical Strategist at Vermilion Technical Research, LLC. John sees the current market pullback as a healthy correction, which could touch the 200-day moving average. He sees a buying opportunity ahead, as overextended stocks become attractive again. If things were to worsen from here, he would look for a change in rotation, back to a more defensive “risk off” trade. Also in this segment, Ryan Puplava wraps up this week in the markets, Erik Townsend covers the commodity markets, and Rob Bernard has the Fixed Income Report.
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