Downside Remains Limited

Downside action just can't get any traction. Today, the market managed to eke out some modest gains overall, but volume is very light and that's become a trend all by itself. Volume on the NYSE was barely 640 million shares and that ain't much.

I believe liquidity has been largely moving this market and it remains a formidable barrier to the bear's attempts to take this market down. Until that liquidity drops off, price will probably continue to rise. And it's anyone's guess when that might happen.

I've got a bit more time this evening, so I'll post the charts:








It's a mixed bag of buys and sells and none of these signals are robust. But the Seven Sentinels remain in a sell condition until all seven signals move back to a buy condition simultaneously. And that may happen if we get another pop higher early next week.

Stop by Sunday evening and I'll have the tracker charts posted.

 

[michaelleal01]

Thanks Cool hand for all your advice and time. I am active duty Army enlisted and still pretty new here. I just started my TSP while I was deployed last year. I've been in 9 YEARS and nobody ever explained the benefits tom me.. So I am a very late starter, but now I'm fixing the mistake and educating all the young soldiers I meet about our program! I have just started following your 7 sentinels since Jan and id like to ask you what are the average 7 sentinels returns for the last few years? thanks again for your time and dedication. Also I'm sitting 100% G since the sell trigger, waiting for some new IFTs

 

[Steel_Magnolia]

CH, I enjoyed your analysis today as always. And just wanted to say that the stoplight signals with dates are a great addition to the information your provide. Thanks for all the time you put into your blog. It's much appreciated.

 

[coolhand]

Thanks Cool hand for all your advice and time. I am active duty Army enlisted and still pretty new here. I just started my TSP while I was deployed last year. I've been in 9 YEARS and nobody ever explained the benefits tom me.. So I am a very late starter, but now I'm fixing the mistake and educating all the young soldiers I meet about our program! I have just started following your 7 sentinels since Jan and id like to ask you what are the average 7 sentinels returns for the last few years? thanks again for your time and dedication. Also I'm sitting 100% G since the sell trigger, waiting for some new IFTs

Hi Michaelleal01,

Thanks for you and your buddies service!!! I'm proud of all you active duty folks out there.

I have some partial data on past years, but I never finished compiling it. It's a tedious process. But since you asked, I'm going to try to finish it over the next month or so. Sooner if I can. I'll be going back to 2007 for now. After that, we'll see.