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- About coolhand
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- Retired Navy
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- Logistician
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Current Allocation: 100% G fund
- My Blog \ http://sevensentinels.com/
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Posted in Uncategorized
Stocks extended their gains for the second day in row, which really gets September off to a bang. But the non-farm payrolls looms on the horizon. How will the market react to those numbers?
We remain very overbought, so some selling would seem to be in cards at this point, but I would not rule out another run to the upside tomorrow as we head into the Labor Day weekend. It's what happens next week that's of primary interest to me, but I am expecting to see stocks give some of their...
We remain very overbought, so some selling would seem to be in cards at this point, but I would not rule out another run to the upside tomorrow as we head into the Labor Day weekend. It's what happens next week that's of primary interest to me, but I am expecting to see stocks give some of their...
Posted in Uncategorized
I'm not surprised by the rally, but once again the market overdoes it in a big way. This time to the upside. And now we're very overbought in the short term.
So what was the excuse for the rally this time?
Well, the August ISM Manufacturing Index posted a 56.3, which was well above the expected 52.9. And apparently the market ignored the August ADP Employment Change report, which showed that private payrolls fell by 10,000 last month, instead of an an expected increase of...
So what was the excuse for the rally this time?
Well, the August ISM Manufacturing Index posted a 56.3, which was well above the expected 52.9. And apparently the market ignored the August ADP Employment Change report, which showed that private payrolls fell by 10,000 last month, instead of an an expected increase of...
Posted in Uncategorized
Yesterday I said that the Seven Sentinels were suggesting yet another bounce after Monday's sell-off and low and behold we got a bit of a rally. Of course it was an intra-day rally, but it was a rally none-the-less.
So is that it? Probably not. I suspect another pop higher is still in the cards, but the unemployment report is looming later this week, so it's a difficult call to predict what may happen.
Here's today's charts:
Attachment 1791
...
So is that it? Probably not. I suspect another pop higher is still in the cards, but the unemployment report is looming later this week, so it's a difficult call to predict what may happen.
Here's today's charts:
Attachment 1791
...
Posted in Uncategorized
I had anticipated a gap up this morning that would eventually give way to selling pressure as the day wore on. Well, we didn't get a gap up after Friday's bull rout, but we certainly saw some selling pressure as the day wore on. That should tell you something. Namely, that this is now a bear market and gains evaporate quickly and also that this market is getting weaker.
Here's the charts:
Attachment 1787
Back to the trigger point on NAMO and NYMO....
Here's the charts:
Attachment 1787
Back to the trigger point on NAMO and NYMO....
Posted in Uncategorized
Cash levels rose again last week. Are we too bearish?
Attachment 1777
Attachment 1778
Top 50 is showing only about 22% allocation to stocks, with cash levels dipping modestly.
Attachment 1779
Attachment 1780
The Total Tracker saw cash levels rise, in this case for the third consecutive week.
Attachment 1781
The Top 15 appear to be the most bullish of the three charts...
Attachment 1777
Attachment 1778
Top 50 is showing only about 22% allocation to stocks, with cash levels dipping modestly.
Attachment 1779
Attachment 1780
The Total Tracker saw cash levels rise, in this case for the third consecutive week.
Attachment 1781
The Top 15 appear to be the most bullish of the three charts...
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