Coolhand's Market Analysis

Not much change in allocations for either the Top 50 or the Total Tracker this week. And the market itself has been largely sideways with an upward bias. Here's this week's charts:




The Top 50 increased their stock exposure by just 2.2% for the new week, hiking their total allocation from 53.3% to 55.5%. Bond holdings (F fund) dipped a bit as did cash holdings (G fund).




The Total Tracker saw stock allocations rise just 1.63%, from 45.13% to 46.75%. Bond and cash holdings dipped modestly.

So stock allocations continue to be conservative for both groups going into the holiday period.



Our sentiment survey came in 42% bulls to 46% bears and that moved it from a hold to a buy condition, which means the system remained in the S fund.

I get the impression from the market action so far this month that chop with an upward bias may continue into the holidays, but that does require seasonality to push prices higher through resistance levels on the charts, so it's not necessarily a given we'll get to higher price levels. Sentiment is a bit bullish for this week too, but that's just our own survey.

We'll see how it goes this week. If the S&P can retake its 50 dma for a few days, it will certainly help the bullish case as we go deeper into the holiday period.