Last wave down to new low has started. Initial buy point at SP futures 1081, cash equivalent about 1085. Holding 5% TLT long bond. Will sell on the stock decline at 99.83.
Picked up this wire today, thought it might interest you. For the week ended July 7, ICI reported that equity funds had outflows of $ 4.23 billion, compared with $216 million a week earlier. U.S. equities had $4.12 billion pulled from them, while $112 million was withdrawn from foreign funds. Investors also took out $1.36 billion from hybrid funds, compared with prior- week outflows of $25 million. Such funds can invest in both stocks and fixed- income assets.
No, I think it will be taken out in the August to November slide. I'm just trying Goldilocks trading, not too early, not too late in setting up for the tipping point.
Steve
ReplyDeletePicked up this wire today, thought it might interest you. For the week ended July 7, ICI reported that equity funds had outflows of $ 4.23 billion, compared with $216 million a week earlier. U.S. equities had $4.12 billion pulled from them, while $112 million was withdrawn from foreign funds. Investors also took out $1.36 billion from hybrid funds, compared with prior- week outflows of $25 million. Such funds can invest in both stocks and fixed- income assets.
Jack
I like your analysis here, do you think SP500 1010 is the low for this year?
ReplyDeleteNo, I think it will be taken out in the August to November slide. I'm just trying Goldilocks trading, not too early, not too late in setting up for the tipping point.
ReplyDelete