Spaf
Honorary Hall of Fame Member
imported post
Sunday Nov. 14th
On Friday the S&P left us at 1184.17 with good advances since the bull started at 1090.19 (S&P500) on October 26th.
Market talk is that stocks are expected to keep rising. Good points were that there was reform ahead for taxes and SS. Interest rates were considered low. There was decent Q3 earnings. And, oil was off it's highs. At risk points included: oil, consumer spending, and the weak dollar.
Over the past weeks, advances have been small and moderate, with one small very mild correction on Monday Nov. 8 (1164.89) to Wed Nov 10 (1162.91). Eventually, we will have a pull back. The length and duration would be the big question? If it gets close to 1163, I'll lighten allocations. Currentely 50C, 50S.
Current S&P advances are attached along with the 20D MA.
Rgds
Spaf
Sunday Nov. 14th
On Friday the S&P left us at 1184.17 with good advances since the bull started at 1090.19 (S&P500) on October 26th.
Market talk is that stocks are expected to keep rising. Good points were that there was reform ahead for taxes and SS. Interest rates were considered low. There was decent Q3 earnings. And, oil was off it's highs. At risk points included: oil, consumer spending, and the weak dollar.
Over the past weeks, advances have been small and moderate, with one small very mild correction on Monday Nov. 8 (1164.89) to Wed Nov 10 (1162.91). Eventually, we will have a pull back. The length and duration would be the big question? If it gets close to 1163, I'll lighten allocations. Currentely 50C, 50S.
Current S&P advances are attached along with the 20D MA.
Rgds
