Watch for Pause; Stay Long Stks, Particularly Cyclicals

A short-term pause looks to be developing for the Standard & Poor’s 500 index as it stalls under resistance at the summer highs between 3000-3029. During the September rally, short-term momentum indicators have moved toward overbought levels. This generally suggests a 2-4 week pullback/pause.

However, the far more important point, particularly for investors versus traders, continues to be the bullish longer-term view that remains in place, suggesting further upside in the 4Q and well i...

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Ray: 762896-8f6187-eb4926-f506a5-43e21b

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