After dropping their collective stock exposure two weeks in a row, the Top 50 are increasing their stock allocation once again.
Over the past two weeks the Top 50 had dropped their total stock exposure to 79.1%. This week, they've increased that holding by 8.9% to a total stock allocation of 88%.
The Total Tracker shows that the "herd" has pulled back a bit, but not by much. Total stock exposure for this group fell from 49.44% to 47.27% for the coming week.
The Seven Sentinels remain in a sell condition, but only by a slim margin. It won't take a lot of follow through to the upside to trigger a buy signal, but that remains to be seen. Additionally, sentiment has been supportive of stock prices overall and our sentiment survey is on a buy again for next week. It should be interesting.
Over the past two weeks the Top 50 had dropped their total stock exposure to 79.1%. This week, they've increased that holding by 8.9% to a total stock allocation of 88%.
The Total Tracker shows that the "herd" has pulled back a bit, but not by much. Total stock exposure for this group fell from 49.44% to 47.27% for the coming week.
The Seven Sentinels remain in a sell condition, but only by a slim margin. It won't take a lot of follow through to the upside to trigger a buy signal, but that remains to be seen. Additionally, sentiment has been supportive of stock prices overall and our sentiment survey is on a buy again for next week. It should be interesting.
