There was no sell signal because the bulls rallied the markets back up... soon, but in the mean time act as bear but behave as bull.. We will have to sell off from these overbought conditions at some point.
Watch the race unfold - who will make you more money, the technical analyst Dr. Martin Zweig or the famous economist Dr. Roubini. Since March 23rd, when the Zweig Breadth indicator fired and marked the beginning of a bull market we went all in. This is the return results of a 100% spy investment vs. the Roubini stay in cash strategy. Read the article here.
The spreadsheet that drives this real-time graph is also available here.
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