Don't Take Your Eye Off the Ball

The Seven Sentinels continue to show Intermediate Term weakness in the charts, but this being Post OPEX it is very reasonable to assume some measure of rally by the end of the week. But if the bulls don't put a better fight than what we saw this morning, it could be a long week for them.

Short term the indicators imply some strength building, but how much remains to be seen. Regardless of any strength, the trend is still down and that's something I remain very mindful of.

Here's the charts:



A little more weakness, but a bounce looks likely.



NAHL and NYHL show some positive divergences (short term), which should translate into a rally of some measure.



TRIN and TRINQ remain relatively neutral.



BPCOMPQ continues to ebb lower and remains on a sell.

So the Sentinels remain on an Intermediate Term sell, but we should see some buying pressure at some point this week, but I seriously doubt it will be enough to challenge the current sell signal. I remain 100% G fund.

 

[JTH]

Great job CH, I'm sure there's some folks out there happy they are on the sidelines as a result of your hard work!

 

[Cruzen]

Hi CH hope all is well.
I would like your opinion on hedge funds and the affect of the wild prices we are seeing. I hope we are not going to have another lost decade.I plan on retiring in 10 yrs...For now I will stay in the F and G fund

 

[coolhand]

I don't really have an opinion on Hedge Funds. I don't watch them at all. I tend to think the volatility is more a function of High Frequency Trading and the absence of main street from the market.

Ten years is a lot of time, and that's about my horizon too, but I'm anticipating very difficult times in the longer term.

Hi CH hope all is well.
I would like your opinion on hedge funds and the affect of the wild prices we are seeing. I hope we are not going to have another lost decade.I plan on retiring in 10 yrs...For now I will stay in the F and G fund