WhisperNumber.com Outlier Report, 02/02/2010
Last report we stated that “we’ll look for market weakness to continue moving forward.” The morning after that report was released the Dow was at 10,194. The market closed today nine points lower at 10,185. Over the past week the market saw some fluctuation but overall ended neutral. The investor confidence reading reacted to the market weakness seen late last week and moved a strong 13.1% lower to 27.7%. This reading continues the current overbought trend and we’ll look for market weakness to continue moving forward.