Sell Signal Achieved

The last buy signal issued by the Seven Sentinels came on 12/22/2011. And that signal lasted for two months and logged significant gains before today's downside action flipped the system over to an intermediate term sell condition.



This sell signal does not necessarily mean we head lower immediately, but it is designed to get one properly positioned for the intermediate term trend, which should now be pointing lower.

 

[akpackfan]

Coolhand,
Do you have the dates for the buy and sell signals from last year?

 

[WorkFE]

Thanks CH

 

[mick504]

I sold....back to G several days ago, since this Iran oil deal...plus the Greece loan issue. Too much for now!

 

[Guest]

I am leaning to sell all my s fund and head back to the g fund. I am gonna wait and see how the market performs tomorrow morning.

 

[Guest]

I decided to move back out of the S Fund & back into the G effective end of day 2/23/12 based on your 7 S's. Now I'm sure some of them will flip back to a buy with todays gains but you did mention if wouldn't happen immediately and it's a trend changer. Now Tom likes to bring the bull/bear ratio on his comments so who knows but I'm hoping you're right so I can be right too. Hey, approx. 11.5% gain for me so far this year ain't bad & I'd be #2 had I not switched S to G the day before the Feb. employment numbers came out. Can't win them all but tired of losing too. Good luck all.

 

[coolhand]

Coolhand,
Do you have the dates for the buy and sell signals from last year?

Yes. I'll try to add it tonight.

 

[coolhand]

I decided to move back out of the S Fund & back into the G effective end of day 2/23/12 based on your 7 S's. Now I'm sure some of them will flip back to a buy with todays gains but you did mention if wouldn't happen immediately and it's a trend changer. Now Tom likes to bring the bull/bear ratio on his comments so who knows but I'm hoping you're right so I can be right too. Hey, approx. 11.5% gain for me so far this year ain't bad & I'd be #2 had I not switched S to G the day before the Feb. employment numbers came out. Can't win them all but tired of losing too. Good luck all.

It's not unusual to see some upside action after a sell signal is produced. And we could chop around for a few more days or even move higher for a time, but risk is now elevated until the Seven Sentinels issue the next buy signal.

Admittedly, even with yesterday's sell signal, market action wasn't exactly inspiring for the bears.