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Actionable news in INDY: iShares S&P India Nifty 50 Index Fund,

Market Rates - Tuesday, July 25

The short-term trend keeps pushing higher. It has been really impressive. But the best days to buy stocks are early in the trend, and we are past that point. Now, I think we just have to sit back and wait.

On the weekly chart, we are just entering into the overbought range. I know these momentum indicators are simplistic and can't really pick the top of a trend. But they do a decent job of suggesting when it is time to resist new purchases and just hold and wait.
I have been watching the Semiconductor stocks on the assumption that when they roll over, the general market will...