NAVIGATE THE STOCK MARKET FOCUSES ON: (1) Daily momentum analysis of the DOW 30 stocks and 15 ETFs across various market sectors. (2) Stock Market commentary and analysis. (3) Buy/Sell signals for major market turns. (((The blog is for information only. You assume all risk of its use; we don’t warrant the accuracy of our content. You must do your own due diligence.)))
Tuesday, July 12, 2016
I
am bringing my invested percentage up to 25% in the S&P 500 Index today in long-term funds (G-fund in the TSP). More than 11% of stocks made new highs
yesterday compared to only 2.3% last May at the prior high; and the % of stocks
above their 200-dMA is above the mean so breadth has improved. I’ve noted other bullish indications in prior
blog posts. I don’t like getting back in when there are overbought conditions,
or chasing a rally (both happening now), and that’s why I’m only going to be
25% invested in stocks. If things go
south I will be quick to exit.