Yes, it's official. The Seven Sentinels gave a buy signal today. I had said I thought we'd get one mid to end of week, but I had hoped it wouldn't be on the heels of big gains again. But it was.
I can't say I'm comfortable about it, but I have to follow it. I have also said in past blogs that I think there's more upside to this market. As high as SPX 1250 or so. That's only a guess though, but the way this market has been it seems realistic enough.
Holding through the volatility has been the game plan, and if you've been doing that you are doing very well. Just like most of top 25% who've held strong for the most part.
Here's the charts:
The momo is back. All are solid buys.
TRIN and TRINQ are still flashing buys and BPCOMPQ has finally (albeit barely) come through with a buy signal.
I wish it would have reacted quicker, but that's not how the system is set-up.
So I will be putting in an IFT tomorrow probably going 20/50/30 CSI.
No change for our top 25%. None. It's still a bull market.
I can't say I'm comfortable about it, but I have to follow it. I have also said in past blogs that I think there's more upside to this market. As high as SPX 1250 or so. That's only a guess though, but the way this market has been it seems realistic enough.
Holding through the volatility has been the game plan, and if you've been doing that you are doing very well. Just like most of top 25% who've held strong for the most part.
Here's the charts:
The momo is back. All are solid buys.
TRIN and TRINQ are still flashing buys and BPCOMPQ has finally (albeit barely) come through with a buy signal.
I wish it would have reacted quicker, but that's not how the system is set-up.
So I will be putting in an IFT tomorrow probably going 20/50/30 CSI.
No change for our top 25%. None. It's still a bull market.
