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04/08/13

After a very weak jobs report, the market opened sharply lower on Friday as the Dow was down over 170-points in early trading. Stocks spent the rest of the day sliding higher, and a late surge nearly took the Dow back into positive territory. It lost 41-points on the day, but that was over 130-points off the low.
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At the beginning of last week, the Top 50 were sporting a total stock allocation of 100%. That was the first time this year that they had complete exposure to stocks at the beginning of a trading week. But the market did not reward that level of exposure as the S fund fell 2.57%, while the C fund dipped only 0.98%. Of course, more than 96% of their stock exposure was in the S fund, so the Top 50 got hit rather hard overall.

This week, the Top 50 have lightened up a bit. Here's the ...

If you read our daily market commentary, you know that I have been all over this amazing streak of alternating daily up / down days in the S&P 500. With Friday's decline, the streak is now 13 days going back to March 19. The good news is, if the streak continues, Monday should be a positive day for stocks. The bad news is, the weaker than expected jobs report on Friday could put a little more pressure on the buoyant stock indices.

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04/05/13

Yesterday was day #12 of the alternating up / down days in the S&P 500 (On Thursday I mistakenly said Wednesday was #10 -- it was #11.) The Dow gained 56-points on the day as it and the S&P 500, continue to hold up better than some of the other indices.
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TSP Talk Sentiment Survey results for the week of 4/08/13- 4/12/13

Buy: The TSP Talk Sentiment Survey came in at 35% bulls, 56% bears, for a bulls to bears ratio of 0.63 to 1. That is a buy signal in a bull market which means the survey system will remain in a 100% S fund allocation for the week of 4/08/13 - 4/12/13.

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

See latest survey results

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