TSP Talk Sentiment Survey results for the week of 03/21/11 - 03/25/11 Buy: The TSP Talk Sentiment Survey gave another buy signal this week after the 0.75 to 1 bulls (39%) to bears (52%) ratio. The system's allocation remains 100% S-Fund for next week. Bull market rules are in affect since 9/27/10: See latest survey results To discuss or comment on the Sentiment Survey, go to Sentiment Survey Talk The legal stuff: This system is
While the S&P posted significant gains today, the broader market was a bit more subdued. At the close the S&P saw a gain of +1.34%, while the rest of the market (the Wilshire 4500) posted a gain of only +0.58%. The DOW closed with a +1.39% gain, while the Nasdaq closed with a +0.73% gain.
It's only one day, but it sure looks like traders are favoring larger issues over smaller ones, and commodities over technology. But again, it's only one day and hardly indicative of a trend.
Looking for rally to sell - Stocks were rocked again yesterday as buyers do not appear to want to buy the dips anymore. Instead, a sharp mid-day rally was sold, and the Dow closed down another 242-points... Market Commentary for 3/17/11 Current Daily Market Commentary
Back on the 1st of March the market sold off hard. In fact, the S&P dropped 1.57%, while the Wilshire 4500 fell 1.82%. It was out of character for a market that had typically rallied on the 1st of any month since September.
That was an early warning. And this was well before Japan's catastrophic events.
For the most part, all these events we've witnessed these past few weeks have been convenient excuses for the big money to take the market down. Why? So they can reload
Crash draws tentative buyers - Stocks opened sharply lower on Tuesday after Japan's Nikkei Index lost 10.6% the night before. The Dow was down nearly 300-points out of the gate, but it slowly recovered and closed down "just" 138-points... Market Commentary for 3/16/11 Current Daily Market Commentary