I rely heavily on my market timing signals and despite the massive
snapback rally to new highs that we’ve seen I remain extremely cautious
of this move. You may be saying that that is good from a contrarion view
as a market climbs a wall of worry, however I believe for the most part
I’m in the minority regarding a bearish stance. It’s remarkable how the
sentiments have gone from bullish to uber bearish to blue sky bullish
again. This volatility is not necessarily a good thing from a markets
standpoint and should be a reminder that sentiment can change on a dime.
Be careful out there as something is off with the markets in my
opinion and it’s backed up by strange readings with my market timing
signals. You’d think with the sort of move that we’ve had that my major
trend and market timing signals would be green by now and that is just
not the case. Something feels off and when that happens I either am out
of the market or hedged until the smoke clears.
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