FROM MISH’S GLOBAL ECONOMIC
TREND ANALYSIS
Case for US and Global Recession Right Here, Right Now… I think the entire global
economy is in recession and said so on July 6, 2012 in “Plunging New Orders
Suggest Global Recession Has Arrived” Read more at...
http://globaleconomicanalysis.blogspot.com/2012/07/case-for-us-recession-and-global.html#GFK8WgxGowlQ2OGt.99
Sometimes there isn't much
good news. This seems to be one of those days.
CRASH:
Here is a chart from Kitco that they say
predicts crash. They do have a point: A rising wedge pattern isn't encouraging
and is frequently followed by declines.
Chart from
BEARS:
Plenty of Bears out there
today!
MARKET
RECAP
Wednesday the S&P 500
finished UP 0.2% to 1437 (rounded). VIX fell
3.7% to 15.80. (That’s Good news for the bulls.)
NTSM
The
NTSM analysis remained to HOLD Wednesday.
At
this point, I’m neither a bull nor a bear.
Market internals are flat (directionless) and the NTSM remains HOLD. Let’s see what happens next.
MY INVESTED POSITION
Based on the BUY signal, 6
July, I moved back into the market on 9 July (after the weekend) at S&P 500
1352.
I currently have a 50%
stock allocation overall. For my age,
that is what most advisors recommend as a fully invested position, however, I
am normally much more aggressive. I have
less invested in stocks now because there’s a lot of risk.
