The Stock for Today

Hello my investors, traders and readers friends. The market is overbought. How much will correct?. I do not know ... for now. When will correct? ... soon. The Standard & Poor's 500 has passed the barrier of 1,300 points. Now,should challenge the 1.360 points and achieve the highest level since 2008. However, the market looks overbought and must be corrected before reaching the breakout. The magnitude of the correction will probably depend on three factors: Europe, the U.S.economy and the current earnings season. Technically speaking, the market is overbouhgt... but has continued to rise. In any case, our two portfolios (Short Term and Medium Term) have made gains. We are waiting for clearer market signals before taking new positions.