Current Market Action

The medium and short term signal on the market is a buy but the long term signal on the market is still a sell. This information is displayed on the left side bar under “Market Trend”.

The market is going sideways for the last few weeks in a very tight range. It does look extended so this would not be a time to add more money to stocks. Wait for the short term signal to give a buy opportunity (become less extended) before buying.

As always since the long term signal is sell be prudent with 70% invested and 30% in cash.

To see which sectors are working in the current environment click on the tab “Sector ETF Analysis 8/5/2016” at the top.

Also see the chart under “Growth vs Value Chart Updated 8/5/16” tab to see if you need to change your allocation between growth and value.

These two items are updated every week, so do check them every week even if there is no new blog.