2 Things to Monitor Monday
The market is in neutral territory but it has two things going for it right now.
1. The upward month-end bias in stock prices kicks in beginning now.
2. The overbought markets are the emerging markets including Brazil and India. These markets have been the leaders to the downside and if this is the beginning of cash flowing into these markets, it’s a longer-term bullish sign for global economies.
A pullback today in the US will place the indices into a buying zone.