WHAT I WOULD DO IN A 401-K: I would immediately move at least 50% of my funds into cash and would watch the market for an intermediate term sell signal, at which time I would be 100% in cash. Have a great weekend.
Saturday, February 23, 2013
TO THE SIDELINES
THE TRENDS: The long term trend remains up but the intermediate term trend has become neutral and is giving more and more signs that an intermediate term down trend is likely. As I mentioned last week momentum (bottom indicator) has turned red. This week closed lower than last week for the first time in the last seven weeks. Notice that the price bar has turned gray. Now take a look at the two down arrows...in March of 2012 and September of 2012. These are the two most recent dates where both momentum had turned down and the intermediate term trend had turned neutral (gray bars). Need I say more? It was only a matter of weeks before the market turned down in earnest (red bars) indicating an intermediate term down trend.
WHAT I WOULD DO IN A 401-K: I would immediately move at least 50% of my funds into cash and would watch the market for an intermediate term sell signal, at which time I would be 100% in cash. Have a great weekend.
WHAT I WOULD DO IN A 401-K: I would immediately move at least 50% of my funds into cash and would watch the market for an intermediate term sell signal, at which time I would be 100% in cash. Have a great weekend.
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