Sell Off? What Sell Off?

After starting out the trading day with moderate losses, the market quickly turned things up and ended the session with moderate gains. Things were just too beared up this morning to really get any sustained selling pressure. I'm not surprised. That's normal market behavior.

I don't think the market is out of the woods given the latest SS sell signal, but don't be surprised if end of quarter window dressing drags things out for a few days yet.

Today's charts:



Some improvement, but still on a sell here.



Same with NAHL and NYHL.



TRIN and TRINQ flipped back to buys today.



BPCOMPQ, while barely green today, is still flashing a sell.

So we have 5 of 7 signals on a sell, which keeps the system on a sell. I'm a little concerned about window dressing flipping the system back to a buy and then getting another sell signal once the quarter is over or close to over. We could be in for some whipsaw action in the next couple of weeks, so be aware. I'll see you tomorrow.

 

[Birchtree]

We will undoubtedly continue meaningfully higher despite all the increasing bullish sentiment. We need more bulls to make a bull market - I'll be waiting for your return to the markets.

 

[grandma]

Birch - I'm missing something here -
-weren't you just chasing everybody out to the Lily Pad a day or two ago?

 

[Boghie]

Bailed out a bit today - 23% more in the G Fund.

Basically, my standard 'conservative' allocation.

I hope I can still play my three allocation strategy. We might be looking at 2008 all over again.

That might be my political mind playing tricks on my math brain though...

 

[FAB1]

Birch - I'm missing something here -
-weren't you just chasing everybody out to the Lily Pad a day or two ago?

Yok yok! Hey thats BTs way of trying to clear the path to go UP the tracker. Dont let him fool ya!

No games, I feel a Pullback in me bones. Stay fully invested at your peril, maties!