I'm currently holding only the short stock mutual funds. For the next several days I'm expecting rally. All of my longer-term sentiment gauges are bearish. The short-term timing series points to a rally 8-days ahead and indicates Friday or today as bottom days.
The daily technical composite indicates rally now. The behavior of this series in +20 leads to at least a multi-day rally.
The backdrop is bearish, with the weekly technical composite on a -12 sell signal until it returns to -3.
30-day I1 is firmly down until late August.
For the next 2 hours I'll be working on computer hardware.
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