The market had its 2nd up-day in a row on Friday, but for the week the 3 TSP stock funds were all down 1.25% or more.
S&P 500.png
DWCPF.png
Price remains below the 200 dma on both charts. The DWCPF had a negative cross of the 50 dma through the 200 dma. It isn't look good for the bulls. So far however, a retest of the lows has not been made, so the bulls do have some hope.
My intermediate term system remains negative, but fighting to flip positive. BPCOMPQ has been the signal denying that flip. Breadth is still negative, but fighting to rise. The options are modestly bullish for Monday, but NAAIM is reducing their long positions. TSP Talk saw a significant drop in bulls, but the reading is only neutral, though the size of the shift could be bullish for a day or 2.
My bearish longer term stance has not changed. The market continues to struggle. NAAIM's movement toward a more conservative stance should not be taken lightly. But I do look at it as a longer term indicator along with the technical indicators in general. The problem is, longer term is getting shorter the longer this market fights to stay afloat. Remember, it isn't a question of "if" the market falls apart, it's a question of "when". And that's darn hard to guess because of all the smoke and mirrors. I have no intention of leaving the G fund and have been there since early this year.
For next week, I'm leaning bearish.
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