As the markets set up for a positive looking year end, this weekend’s update on the Citigroup Panic Euphoria Index is raising more caution:
Interpreting the citigroup panic euphoria index requires some subjectivity as the key is when it crosses below its moving average and gives a signal. Consolidations can occur which delay the signal. But at the end of the day, the buy signal is getting long in the tooth. Raise your stops and get ready to position short.
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