Last week, I mentioned that some of my core indicator categories are getting over bought and when that happens it often fuels several more weeks of upward movement. It looks like we’re starting the next wave up. My core indicators continue to show strength, but there is one concerning thing. My core measures of risk fell slightly this week. That isn’t normal when the market is making new highs. This is the indicator category I’m watching most closely at the moment to indicate the rally is coming to an end.
