OBOSS Market Timing 04/10/13 ‘OBOSS at 2.29’

OBOSS is at the lower to mid end of extreme overbought territory.

There is still room for the market to move higher.  If you’re waiting on the sidelines looking to buy high quality stocks, consider being less aggressive with new positions.

Watch for a sudden rejection in price around SPY’s 159-159.50 resistance area that could indicate this move is running out of steam.

Protecting profits is job #1.

Reduce risk on any sharp move higher.

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