Neither the Top 50 or the herd made any large moves for the new week. I suspect many were out of IFTs, but the volatility probably helped keep many on the sidelines too. Here's this week's charts:
The Top 50 increased their stock exposure for the new week by 7.3% for a total allocation of 23.12%. That's still a pretty conservative position.
There was practically no change in the herd's position for this coming week. They increased their stock allocation by just 0.1% to a total stock allocation of 47.53%.
Our sentiment survey is on a sell for this week and the Seven Sentinels is also on a sell. However, the Sentinels did issue an unconfirmed buy signal last week and that may still be in play in spite of Friday's selling pressure. I'm looking for more volatility, but anticipate a down week.
The Top 50 increased their stock exposure for the new week by 7.3% for a total allocation of 23.12%. That's still a pretty conservative position.
There was practically no change in the herd's position for this coming week. They increased their stock allocation by just 0.1% to a total stock allocation of 47.53%.
Our sentiment survey is on a sell for this week and the Seven Sentinels is also on a sell. However, the Sentinels did issue an unconfirmed buy signal last week and that may still be in play in spite of Friday's selling pressure. I'm looking for more volatility, but anticipate a down week.
