as of LATEST HOTLINE
U.S. stocks are inconsistent in a flight to quality
Stocks were mixed today, with the Dow Jones Industrial Average up 1/4%, the S&P 500 Index down less than 0.1% but the Russell 2000 Index and the Nasdaq Composite each down by more than 1% on very negative market breadth.
Our models remain overall neutral-positive, but they will likely downgrade to neutral towards the end of the week...
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Latest Newsletter (Sept 9)
State of the market: The S&P 500 index has been soft this week, pulling back almost 1%.
This is consistent with a sideways period of consolidation rather than the start of a significant decline, in my opinion. SPY is now at a support area near the middle Bollinger band (20-day moving average). The next lower support areas are the same as I mentioned in the last issue: 196 and 191.
For now, the market assessment remains neutral-bullish, indicating degree of profit potential at below-average risk, but it now appears that conditions will downgrade to neutral by the end of next week....
Also in this issue:
Update on Cliffs Natural Resources
Long-term Trend Remains Up
Performance of ETF Rosters
VIEW SAMPLE S&F PORTFOLIO RESULTS
SAMPLE ETF Rosters
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