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| Slight Snapshot Improvement |
Yesterday was an odd day in the market. The NASDAQ sold off, while the DOW rose.
The NASDAQ is dominated by yesterday's big decliners, Apple and Priceline.com. The NASDAQ is now in an intermediate downtrend.
My expectation would have been for a decline in all markets with the decline of the major market leaders. Since that did not happen perhaps investors are merely rotating out of the former leadship and in to the market laggards, the old market main stays. Time will tell.
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| Slight MDM Improvement |
Volatility remains high.
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| Volatility remains high |
Trendline Analysis
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| Apple in downtrend |
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| Priceline in downtrend |
The NASDAQ is now in an intermediate downtrend.
Inflation Hedges Folio
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| Gold has been getting whipsawed and appears to continue in a consolidation mode |
As I write on Tuesday morning, the market is getting a bounce. If the markets do not bounce back in a significant way in the next few days we should expect the correction continue. Investor sentiment has definiely turned negative and money has been leaving the market. I reduced risk exposure. I exited GLD. I do have a couple small hedges in place. Additionally our Flexible Income folio is now positioned defensively.
The current market condition represents confusion.Without a certain degree of clarity we should expect the volatility to continue. Caution is called for.
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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