11-09-2011 Market Indicator Update
The market fell very far today, November 9, 2011. I have further reduced my holdings in stock funds, and am going to keep more holdings in cash now given the escalating situation in Europe (apparent risk of Italy default).
Indicator #2 remains in neutral territory, but is very close to a “DOWN” – with a market close below S&P 500 1216 we’ll likely move Indicator #2 to “DOWN”.
The market is again at a point where a short term bounce up is likely (as indicated by very short term indicators that I do not publish), but the news in Europe may be the dominant force in the market.
11-06-2011 Market Indicator Update
We ended up getting the short-term move up that we indicated on Tuesday 11/1/2011 – see prior post. The market is in neutral territory as a result of the move up – not enough of a upward move to trigger an “UP” in Indicator #1, but at a point where Indicator #2 will stay on “UP”. I will send out an e-mail to registered users if an Indicator does change.
11-01-2011 Market Indicator Update
The market has fallen substancially since our Sunday post, so a new “UP” in Indicator #1 was not triggered and the pending change is effectively cancelled for now.
Meanwhile, a “stop” sell was triggered in Indicator #2 with the S&P 500 close below 1255, and I have reduced my holdings in stock funds. The market is at a point where a short term bounce up is likely, so I will not trigger a new “DOWN” in indicator #2 for at least another day.