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Well, not surprisingly the market retraced some of yesterday's losses. And we may see a bit more upside in the short term, but that doesn't change the intermediate term picture painted by the Seven Sentinels.



Three signals flipped back to buy conditions after today's moderate buying pressure, but it takes all seven to flip back to a buy condition to change the status of the current signal. That means the Seven Sentinels remain in an intermediate ...

3/07/12

Stocks finally saw a meaningful pullback yesterday as the Dow and S&P 500 experienced their first 1% declines of the year. The Dow lost 204-points - a loss of 1.6%, while small caps and the international stocks lost 2.0% and 2.6% respectively.


For the TSP, the C-fund was down 1.53% yesterday, the S-fund dropped 1.99%, the I-fund fell ...

The Seven Sentinels went to a sell condition two weeks ago tomorrow. As it turns out, that signal was just about perfectly timed.



As you can see, all signals remain in sell conditions, which keeps the system in an intermediate term sell condition.

Market internals had been predicting lower prices for weeks, which the system recognized early on. But it took two weeks for the market to reach the tipping point after that sell ...

3/06/12

Stocks opened sharply lower on Monday morning, but the dip buyers showed up about an hour into the trading day and took the indices up to close with more moderate losses. The Dow dropped 15-points but the Nasdaq 100 lost 1% for the first time all year.


For the TSP, the C-fund was down 0.38% yesterday, the S-fund lost 0.28%, the I-fund dropped ...

The market opened the day in the red today and never got back to the neutral line. At the close the major averages saw modest to moderate losses across the board.



The Seven Sentinels remain in a sell condition. Of note is that TRINQ is showing a high reading, which could mean a bounce is near. But beyond that, this market is showing signs of continuing deterioration.