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May 16, 2013 at 09:56 AM EDT
Soft Data, Yet Market Overbought; Wal-Mart's Dilemma
The markets continue a slow melt-up, but it suggests we are getting into overbought territory. One simple indicator would be the S&P 500 Index, which at 1,658, is now trading 12.1 percent above its 200-day moving average.
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