Tom Demark via Bloomberg is expecting the SP500 to top out around 1492 in a few days or weeks.
Source: Tom Demark call
The SPDR Industrials have been screaming higher on what we can only assume better world growth prospects. The rally from the ‘Dec 30th’ fiscal cliff deal has been on very very low volume. This suggests at the very minimum a fade at the recent highs for Fedex (FDX). FDX is a stock to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards