Breakout

As expected, the market broke out to the upside today. It didn't start out fast, but once the rally began, it was a broad-based advance. Volume remained light.

There was a number of data points released today. Initial jobless claims came in at 348,000, which was below estimates. Continuing claims fell rather hard, from 3.53 million to 3.43 million.

Housing starts in January hit 699,000 from 689,000 the previous month. That was above estimates. Building permits were up, posting annualized rate of 676,000. That was about in-line with estimates.

Producer prices for January eked up 0.1%, which was under the 0.3% increase economists were looking for. Core prices rose 0.4%, which was twice estimates.

Also released was February's Philadelphia Fed Survey, which posted a 10.2. That was just a tad above estimates looking for 10.2.

As I've already mentioned, I am changing the Seven Sentinels format.

This new format may change some as I get used to using it, but it will give you a quick look at where the system is at. Please don't be concerned over the lack of commentary. You really don't need it most of the time. I will provide commentary if something gets my attention, but I really need to keep this simple as the system is not complex at all. Of course, if you have any questions, I'll be happy to answer them.

 

[Show-me]

SWEEEEEET!

 

[turbo23dog]

Nice. Cool.

 

[Bronco07]

Outstanding CH ..... I'm liking the new simple format..... cheers

 

[Guest]

CH,

Your insights and commentary are 'par excillance' (sp?). I understand the work/blog relationship. I wish I could give you an hour extra per day to make up some time for you. I am a newbie here and enamoured with your insight/comments/charts. I really hope you don't change a thing. The 'red light/green light' thing is SO unpersonal. And you are SO personal/informational. I would hate to see that part of CH die.

As one on the proverbial fence, trying to decide where to put my money, which tracker, you are a breath of fresh air. And a talent I admire/appreciate. I would hope you would not change a thing.

Even as the purists challenged and eventually changed your TSP investment allocations a few days ago, I'd rather glean insight from your commentary than worry about the purity of your tracker. You have a talent far above us TSP'ers and many benefit from your words/views/comments.

Thank you for all you do. Stay the course!!!!!!

My2cents

 

[grandma]

this is good, ch! Saves some of the repeating you were having to do when describing which says sell, which says buy, but it ends up being a buy anyway !
I am glad you've found a way to simplify the delivery of all your info gathering & assessing....

And the Seven Sentinels are(is ?) right up there on the tracker with nasa! Congrats to you for your work!

I do just have to ask, just out of curiosity, since modom07 is not in the community/member list as of 2215 (pm), is this a `hired out' job? ;0) LOL

 

[coolhand]

CH,

Your insights and commentary are 'par excillance' (sp?). I understand the work/blog relationship. I wish I could give you an hour extra per day to make up some time for you. I am a newbie here and enamoured with your insight/comments/charts. I really hope you don't change a thing. The 'red light/green light' thing is SO unpersonal. And you are SO personal/informational. I would hate to see that part of CH die.

As one on the proverbial fence, trying to decide where to put my money, which tracker, you are a breath of fresh air. And a talent I admire/appreciate. I would hope you would not change a thing.

Even as the purists challenged and eventually changed your TSP investment allocations a few days ago, I'd rather glean insight from your commentary than worry about the purity of your tracker. You have a talent far above us TSP'ers and many benefit from your words/views/comments.

Thank you for all you do. Stay the course!!!!!!

My2cents

Thanks modom07. I understand very well your appreciation of "insight". I'll have something to say about that over weekend. For now, let me just say that my insight took years to develop. I've read many books and spent countless hours over the internet searching for wisdom. When I first started out I was often overwhelmed with the sheer volume of information available; much of it conflicting as everyone had their own point of view. There were many, many "systems" out there that I tried to evaluate in search of something I thought would work for us TSPers. I eventually found one that I believe provides us a significant edge. The Seven Sentinels.

It is not a system that I developed. It was developed by someone I met on Trader's Talk who shared the system with the folks over there a number of years ago. It is he we should thank. His name is Don, but his board moniker is IYB. His website is SevenSentinels.com - The Most Powerful Trading Concept on Earth. Period. for those that are interested.

 

[coolhand]

Everyone, thank you for the positive feedback. It means a lot to me and keeps me going. You are helping me to better understand how best I can help you through this blog.

 

[Round2it]

Everyone, thank you for the positive feedback. It means a lot to me and keeps me going. You are helping me to better understand how best I can help you through this blog.

Want to thank you for the commentary and work that you put in. I've been reading your posts for many months and appreciate the views presented. My knowledge of the market remains virtually minimal. Using all the commentary at the site and Seven Sentinals as a guideline, I've directed allocations that I felt comfortable with. And as you say, investors have to decide for themselves what risk they are willing to take as the market always has the final word. Thanks again for the effort and time given.