"So far this year – you may find this number hard to believe – but there have been $12 billion in net buys by our client base," Tomczyk [CEO of TD Ameritrade] said on CNBC's "Fast Money."…While there has been no "great rotation" from bonds into equities, more fund flows into stocks could be ahead, he added." Full story at...
http://www.cnbc.com/id/100547467
RALLY RUNNING OUT OF STEAM (CNBC)
“The rally in the S&P 500 could be running out of steam, StockMonster's Guy Adami said Tuesday...Adami noted that the market reacted predictably after the latest jobs report, followed by an expected selloff…’I think we're dangerously close now to the highs for the year,’ he said." Full story at...
http://www.cnbc.com/id/100547443
THE BEAR IS NOW A BULL (Housing Wire)
“However, Russell [Richard Russell of Dow Theory Letters]
is now recommending that investors should buy stocks via the Dow Jones
Industrial Average…’Yes, I know that this market
is uncorrected during its long rise from the 2009 low, and I know that there
are risks in buying an uncorrected advance that is becoming uncomfortably long
in the tooth, but my suggestion is that my subscribers should take a chance
(after all, Columbus took a chance) and take a position in the DIAs.’” From…“The rally in the S&P 500 could be running out of steam, StockMonster's Guy Adami said Tuesday...Adami noted that the market reacted predictably after the latest jobs report, followed by an expected selloff…’I think we're dangerously close now to the highs for the year,’ he said." Full story at...
http://www.cnbc.com/id/100547443
THE BEAR IS NOW A BULL (Housing Wire)
http://www.housingwire.com/fastnews/2013/03/12/richard-russell-turns-bullish
A BEAR IS COMING (CNBC)
“A long term bear market is around the corner and will
last until 2018, with the Dow losing up to 30 percent of its current value,
Kerry Balenthiran, author of "The 17.6 Years Stock Market Cycle",
told CNBC. "My
research identified long term 17.6 year secular bull and bear markets. We're in
a long term bear market...this bear market will continue until 2018 with the
Dow at around 10,000," Balenthiran said. He added that the rally
currently taking place would continue for at least the next three months, but
said stocks would start falling in October to November.” Full story at…
http://www.cnbc.com/id/100552025
MARKET RECAP
Thursday, the S&P 500 finished up 0.6% to 1563 (rounded). VIX fell about 4.5% to 11.30.
Thursday, the S&P 500 finished up 0.6% to 1563 (rounded). VIX fell about 4.5% to 11.30.
NTSM
Thursday, the NTSM analysis remained HOLD at the close.
The S&P 500 is 9.9% above its 200-day moving average as of Thursday’s
close.
I had guessed that it would turn down when it reached 9.5% above the
200dMA. That guess has gone by the
wayside as sentiment has dropped quickly over the last 2-weeks. I still think
the top will be signaled by a statistically significant up-day, typically more
than a 1% move upward. I’ll reset shorts
when that happens, but only if the sentiment has climbed higher.
MY INVESTED POSITION
With long-term funds, I remain about 20% invested in stocks as of 5
March, due to my risk tolerance rather than the numerical NTSM analysis. To put it bluntly, I currently have no
tolerance for risk. (If I were strictly
following the NTSM numbers, I'd still be heavily invested in stocks.) My
reasoning may be found at…http://navigatethestockmarket.blogspot.com/2013/03/why-i-got-mostly-out-of-stock-market.html
