Choppy trade in a relatively tight range defined today's market action. There was little data to help drive prices either way. I think the only notable data point was that oil climbed to a new two-year closing high of $108.47 per barrel.
I'm having trouble downloading charts this evening so I'm going to fore go posting them this time, but they couldn't have changed much based on today's action, which means the seven sentinels remained in a buy condition.
So the broader
Gap to fill - Stocks were up after the better than expected jobs on Friday. The indices gapped open higher, rallied for about an hour, plateaued for several more hours, but ran out of steam later in the afternoon. Despite losing half its gains, the Dow closed up 57-points... Market Commentary for 4/04/11 Current Daily Market Commentary
Updated 04-04-2011 at 10:29 PM by tsptalk
The new trading week is about to begin and our sentiment survey has issued a rare sell signal. I know it influenced my decision for this week as I sold the balance of my stock position, which means I'm currently 100% G fund. Here's the charts:
After getting modestly defensive last week, the Top 50 shows much more stock exposure going into the new week. If you remember, last week's charts also showed a very high level
Updated 04-03-2011 at 06:33 PM by coolhand
Back to buying the dips Stocks rallied again last week as investors seem to be shaking off the concerns of Japan and the Middle East. We’ve had a great 2-plus week run. Can it continue? For the TSP, the C-fund was up 1.45% last week, the S-fund gained 2.68%, and the I-fund picked up 2.20%. Bonds (F-fund) added 0.04%, and the G-fund was up 0.06%. Surprisingly, the final numbers for
Updated 04-03-2011 at 11:00 AM by tsptalk
No pullback yet, but I still have Monday as part of my original target time frame for it to happen. But while I've been waiting, our sentiment survey flipped to a sell for next week. That's the first sell signal for that survey since late December and effectively extends the window for possible weakness all the way out to next Friday. And its accuracy last year was certainly high enough to give it heavy weighting in assessing short term risk. So much so that I sold my 30% stock allocation today