Nothing Unusual

The market decided to consolidate recent gains today, and in fairly modest fashion after 6 up days in a row. It was not unusual action and was certainly expected. We may need more consolidation too, before any possible push higher.

Here's today's charts:

We have some deterioration with these four signals today, but nothing out of the ordinary.

Same here. Today's consolidation weakened the signals to some extent, but we're still on a buy.

So we have 3 sells and 4 buys. That keeps the system on a buy for now.


Here is the collective fund allocation for our top 25% on the tracker.

And we can see in this chart that the top 25% continues to hold a very healthy position in equities. I view this as bullish longer term.

 

[WorkFE]

Thanks CH,
I look forward to reading your Blog every day

 

[RonUSPSretired]

Thanks CH, your contribution to the tsp forum is much valued by this retiree.

 

[coolhand]

You guys are welcome.

Futures are up big this morning. INTC really wowed em'.

 

[les2l8]

Thanks for the pt of view. I was going to jump out, but I going to ride the bull a little longer.