3-06-2012 Market Indicator #2 Change
Major Market Indicator #2 changes to “HOLD/REDUCE” with the S&P 500 closing below 1365 today. Our warnings over the last two days were successful in indicating that a large drop in the market was coming, with the S&P 500 falling 27 points today.
3-05-2012 Market Indicator Change Alert
The market closed just a hair below 1365 today – we’ll wait for a more convincing close below 1365 to change the indicator to “HOLD/REDUCE”…….The Major Market Timing Indicator #2 will change to “HOLD/REDUCE” with a close below S&P 500 1365 on Tuesday 3/6. More information on the “HOLD/REDUCE” status is available at http://401ktrend.com/401k-fund-allocation/ .
A new post will appear here Tuesday by 10PM US Eastern time with an update – please check back.
3-04-2012 Market Indicator Change Alert
The Major Market Timing Indicator #2 will change to “HOLD/REDUCE” with a close below S&P 500 1365 on Monday or Tuesday (3/5-3/6). More information on the “HOLD/REDUCE” status is available at http://401ktrend.com/401k-fund-allocation/
The S&P 500 is up 17% and the Nasdaq 100 up 22% since the new “UP” signal was triggered in Indicator #2.
A new post will appear here Monday or Tuesday by 10PM US Eastern time with an update – please check back.
2-1-2012 New “UP” in Indicator 1
Indicator #1 moved to “UP” today, 2/1/2012. All three of our indicators are now pointing “UP”.
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market is again at a point where a short term bounce up is likely (as indicated by very short term indicators that I do not publish), but the news in Europe may be the dominant force in the market.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.
