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This next to me cracking up here RBC wealth management -- find recent -- of people pay -- her.
To research stocks you -- Thanks for investors out there they'll go through word about a little bit of -- near term correction in the market I mean it's been a wonderful run great economic data.
Decent earnings for the fourth quarter.
But the markets up over 20% since the October low was up five or 6% this year and in some cases more than that.
And -- we look at some of our indicators they look a little bit overbought so we're thinking at three to 5% correction may come in at some point between now and maybe the end of the first quarter you have these flashing lights these warnings signs that you're looking at specifically and one of them.
Is something that has to do with where nearly 80% of S&P 500 stocks it right now right we look at we look at the percentage of stocks trading above their fifty day moving average.
And their lots of technical indicators you can look at we'd like to look at this one.
What you get to a level of ED.
It's a little bit of a warning sign sometimes when he gets higher than that.
It's a bit more urgency to it but again it's just another indicator that we look at that would suggest that we're a bit overbought on the market and looking for some tools are still below it likely is it some -- -- -- the ones that are still below the fifty day moving average for example PNG.
Varian Medical Systems are laboratory corporate America does that make them more attractive -- -- doesn't necessarily make -- more or less attractive it's really the overall index and the overall New York Stock Exchange as an indicator for the broader market.
Janet is going to name stocks -- she does feel are good investments coming up I think.
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