OBOSS Market Timing 01/02/13 ‘OBOSS at 2.27’

Happy New Year and welcome back to a very active market.  We’ve seen big moves at the start of the new year several years in a row now.  Usually this type of action indicates a good start for the market – let’s see how 2013 plays out.

OBOSS is at the lower end of extreme over bought territory.  There is still room for the market to move higher.  If you’re waiting on the side lines, this is not a good time to start buying new positions.  Protecting profits is job #1.  Considering reducing risk on any sharp move higher.

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