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While it looked a little wobbly at one point, the stock market had a positive start to the final quarter of the year this week with all four major market indexes moving higher. Below we’ll discuss how this led the portfolio to notch further gains this week, but the continued rise in the market has brought relative strength index (RSI) levels for the S&P 500 and Nasdaq Composite that much closer to being overbought. The S&P 500’s continued climb has also pushed its already stretched valuation even higher, raising the stakes for corporate earnings and guidance over the coming weeks. These and other factors led us on Thursday to begin a new tactical position... #stocks #investing #stockmarket #portfoliostrategy #portfoliomanagement #SP500 TheStreet