Just a Quick Note

I won't be able to post my charts this evening as I'll shortly be in transit on a flight cross-country, but the market appears to be ready to resume a sustained upward bias. At least that's how it looks after today's action.

Currently 100% S and holding.

 

[tsptalk]

...the market appears to be ready to resume a sustained upward bias. At least that's how it looks after today's action.

Thanks. Is that based on the charts, or the SS signal?

 

[crws]

rootin' for ya from the Garage!
May the landings be smooth and the layovers short!

 

[coolhand]

Thanks. Is that based on the charts, or the SS signal?

The SS continues to point to an intermediate term move to the upside. The volatility makes interpretation more difficult, but it would seem that's a market element that won't be going away anytime soon. Sentiment is also swinging back and forth for the same reason. Right now our own sentiment survey is decidedly bullish. But sentiment is not as bullish in all pockets. But this is a bull market, so we don't necessarily need overwhelming bearishness to begin another ramp up.

News has been mostly bearish too, but that only provides support for the wall of worry. So downside action should be limited.

However, having said all that it would not surprise me if we do some chopping around before the real buying takes place.

It's tough enough picking a bottom (or top) when one is agile, but doing so with TSP is even more challenging. At some point I feel I need to pick a spot and just ride it. I am comfortable enough with my recent entry back into stocks even if it's not "THE" bottom.

This market loves to burn the bulls when technicals look their worst. Hopefully, today's strong S fund performance is a marker of more green days to come. I tend to think it is. End of quarter doesn't hurt either.

 

[airlift]

Thank you CH.