Bulls Continue to Press their Advantage

Unlike yesterday, the DOW managed to close above 13,000 (first time since May of 2008). But it was a mixed close as rising prices are not lifting all boats. The Wilshire 4500 was down (S Fund), while the major averages posted modest to moderate gains. The I fund was the winner on the day as the dollar was down about 0.5%.



So the Seven Sentinels remain in an intermediate term sell condition, but given the resilience of this market I would not be surprised if it broke out to the upside at least one more time.

 

[WorkFE]

Tough call. Trend vs. Signal
The Seven Sentinels were on a buy for the bulk of this runup. We are in those fine line areas where signals seasaw.
I'm getting happy feet.

 

[DigDugII]

I'm thinking about that potential for another push up too and am looking forward to having my March IFT's replenished so I'm in the position to play again sooner than later. Thanks coolhand.