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06/28/13

It was another triple digit move for the Dow yesterday, but who's counting? OK, I will. That's 4 triple digit moves in a row. 12 in the last 13 trading days. 15 of 19 trading days in June. And 18 triple digit moves in the last 23 days. Yesterday the Dow was up 114-points.

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TSP Talk Sentiment Survey results for the week of 7/01/13- 7/04/13

Hold: The TSP Talk Sentiment Survey came in at 55% bulls, 36% bears, for a bulls to bears ratio of 1.53 to 1. That is a neutral reading in a bull market which means the survey system will remain in a 100% S fund allocation for the week of 7/01/13 - 7/05/13.

Bull market rules have been in effect since the week of 1/09/12:

See latest survey results

To discuss or comment on the Sentiment ...

06/27/13

Welcome to Bizarro World. A place where good news is bad, and bad news is good. That is about how I sum up yesterday's action after the Dow gained 150-points.

With GDP growth estimates at 2.4%, you would think that a stock market might be disappointed when the actual first quarter GDP figure is announced as 1.8%. But in Bizarro World, where the Fed will continue to buy bonds at high rates only if ...

06/26/13

Stocks rallied sharply yesterday as the Dow gained 101-points on the day. That's 13 triple digit moves for the Dow in the last 17 trading days in June so far, and 10 in the last 11 days.
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06/25/13

Stocks dropped again yesterday as the Dow lost another 140-points. We did see a strong mid-day rally that was shaping up as a bullish reversal day, but by the close sellers took control again. The Dow did finish over 100-points off the low, but also 100-points off the high.

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