Market Snapshot
 |
| Green is Good and Red is Bad |
Market Direction Model
 |
| Uptrend Under Pressure |
GWM One Day Performance by Folio
MDM Buy/Sell Signal Chart
 |
| Red Line = Sell Blue Line = Buy |
The market sold off rather strongly on Wednesday. Is this the beginning of the much anticipated correction? It is too early to tell. Another big down day will seal the market's fate however.
Since mid-March we have seen a shift in investor behavior. The defensive sectors have supplanted the high growth momentum type stocks.
Our Buy/Sell Signal Chart issued a sell signal. The last sell signal turned out to be a false alarm however.
Still, the signal warrants respect. Consequently, I have reduced risk exposure in all model portfolios.
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.
No comments:
Post a Comment