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| The market made a weak showing today. |
The market is getting a bit tired at this point. It has been a good run and perhaps it is time for a pause.
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| We are seeing some deterioration in the Market Direction Model as well. |
The spector of higher energy prices seems to be causing investors some distress.
Sector Performance
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| Materials and Energy have been the top performers so far this week. Consumer Dicretionary and Financials have turned in the worst performance. |
In the past few days I have added positions in the energy and materials sectors to all model portfolios. I also liquidated positions in the financial and most consumer discretionary sectors.
If our market indicators continue to deteriorate I will not hesitate to protect client accounts.
This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.
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