Current Market Action.

Current market action.

The good news is that we may get a buy signal on a long term basis soon. We need to wait and watch the price action next week before we confirm this. For the medium term the stock market may kick in to a sell mode. And on a short term basis it is advisable to take profit, since on a short term basis we are reaching an extended territory.

The medium and short term market signal information is displayed on the left side bar under “Market Trend”.

To see which sectors are working in the current environment click on the tab “Sector ETF Analysis Weekly 9/23/2016” at the top.

Also see the chart under “Growth vs Value Chart Updated Weekly 9/23/16” 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.