Mike
02-21-2012, 07:41 AM
We begin the trading week with a Market Exposure of +5 (fully invested) and a distribution count of 3 days in a trailing 25-day window. The oldest distribution day in the count occured on 1/26/12 and will fall off on Friday 3/2/12.
Of course the market could decide to pull back at any time but so far it defies gravity. Crude oil futures are showing $105 per barrel, gold and silver are up also. I am wondering if or when crude oil will stop the market advance.
The US Treasury bond market shows signs of topping to my eye. We may end up with more flight to safety moves with the news coming from Iran but so far no sign of this in the bond market. TBT (Ultrashort 20 year bond ETF) has had four pocket pivots in the last three weeks. I am not going to be trying to enter TBT because my portfolio is quite full.
Of course the market could decide to pull back at any time but so far it defies gravity. Crude oil futures are showing $105 per barrel, gold and silver are up also. I am wondering if or when crude oil will stop the market advance.
The US Treasury bond market shows signs of topping to my eye. We may end up with more flight to safety moves with the news coming from Iran but so far no sign of this in the bond market. TBT (Ultrashort 20 year bond ETF) has had four pocket pivots in the last three weeks. I am not going to be trying to enter TBT because my portfolio is quite full.