Last week the charts showed that the herd (total tracker) had increased their total stock allocation by a collective 11.35%. I said I thought that would be bearish in the short term and it was as the S and C funds dropped -1.06% and -0.67 respectively, while the I fund fell almost -2.8%.
Looking at the charts for the new week, it looks like we bought the dip. At least the Top 50 did. Here's the charts:
The Top 50 increased their collective stock exposure by 9.94% going into the new week to a total stock allocation of 88%.
The Total Tracker showed only a modest increase in stock allocation of 0.24% for a total stock allocation of 52.96%.
The Seven Sentinels remain in a sell condition.
I hope everyone has a happy Easter holiday. Be safe out there.
Looking at the charts for the new week, it looks like we bought the dip. At least the Top 50 did. Here's the charts:
The Top 50 increased their collective stock exposure by 9.94% going into the new week to a total stock allocation of 88%.
The Total Tracker showed only a modest increase in stock allocation of 0.24% for a total stock allocation of 52.96%.
The Seven Sentinels remain in a sell condition.
I hope everyone has a happy Easter holiday. Be safe out there.
