Market Snapshot
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| The Bears are in control. |
S&P 1500
Chart View
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| 7 Days on the Downside |
The Woody Indicator
VIX (Volatility Index)
Volatility Spiked
Market Direction Model
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| Downside Impulse Indicators Fired. |
Upcoming Market Moving Events
Investors are nervous as they try to assess and anticipate the impact of the events of the next two weeks. Most important will be the German court ruling on the legality of the fiscal treaty. The Euro Community is facing a dramatic test. Will the Euro survive the challenges?
I anticipated this market pull-back and have been reducing our risk exposure. September is historically the worst month of the year.
Once we can get through September I believe a nice year rally will ensue. For the moment a defensive posture 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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