Herd Movement

[FogSailing]

Just checked the Autotracker to see that the Top 5 had moved to G as has almost 50% of the Top 50. I think those Top 50 are pretty smart bananas.

My crystal ball say that tomorrow will still be a slightly up day followed by consolidation (or some type of negative retrenchment - maybe .5-2%) through the end of the month and a bit of a small rally in early August. It will be interesting to see if any of that pans out. If it does, I may be using my own system for a while.

View attachment 34561

All the best in your investing.

FS

 

[Rogue]

That was a well-timed herd move. Took cover and beat this week.
Time for my contrarian tendencies to consider swimming against this current.

 

[OBXTrader]

How many in the top of the tracker have no more IFT's left this month? I did not check. Not that means anything, just limitations create limitations such as remaining in G Fund.

Just checked the Autotracker to see that the Top 5 had moved to G as has almost 50% of the Top 50. I think those Top 50 are pretty smart bananas.

My crystal ball say that tomorrow will still be a slightly up day followed by consolidation (or some type of negative retrenchment - maybe .5-2%) through the end of the month and a bit of a small rally in early August. It will be interesting to see if any of that pans out. If it does, I may be using my own system for a while.

View attachment 34561

All the best in your investing.

FS

 

[FogSailing]

Hi OBX. Just checked the Autotracker and it looks like 13 of the 50 have used all their IFTs. So, my guess is that most of them scooped up their winnings when the market was hot and peaked last week and got out when SPX hit it's high. Good timing indeed,

All the best to you in your investing.

FS