If so, markets are likely to be back up next week since the decline this week took care of the short-term overbought condition, and next week is the week of the expirations, which tend to be positive.
Also technically, the unusual spike-up of the last five days has the major indexes already short-term overbought above their 21-day moving averages, the opposite of their short-term oversold condition two weeks ago.
In spite of its short-term oversold condition, and several quite positive economic reports, the market has not been able to get out of its funk.
On Friday, the VIX plunged to within spitting distance of a fresh annual low, creating a potential oversold condition and giving credence to the possibility of a short-term spike.
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The short of the matter is that capitalism is the engine of the general betterment of the human condition and profits its essential tool.
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Another study from the May issue of Radiology found that among patients ages 18 to 35 undergoing chest CTs and abdominal CTs for cancer, trauma and abdominal pain, the short-term risk of dying from an underlying condition was 7.1% and 3.9%, respectively, compared with long-term risk from radiation-induced cancer of 0.1%.
Brazil is short of established scientists, a legacy of the dire condition of its schools, even if these are now improving.
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He was denigrated because of his short stature -- he never grew taller than 4 feet 8 inches because of nephritis, a kidney condition.
After being down for six straight weeks, the market is quite oversold short-term and probably due for a brief rally off of that oversold condition.
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Meanwhile, the Allon Therapeutics drug helped improve some measures of short-term memory in patients with mild cognitive impairment, a condition that often leads to Alzheimer's disease.
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