The general market trading filter I use (SP-500 53 day CCI) is at 51 indicating Market Up. My multiple composite SP-500 indicators on the daily chart are also all "in the green" indicating a bullish stance. We are at a significant level of resistance at about 1120 based on the June and January Highs. The coming weeks are important to see if we break through to the upside.
Rankings: The Rankings still show bond funds ranked on top. As was the case last week other market secotrs have not "proven" themselves yet to displace bond funds. However, you can see sectors such as Telecom, Utilities, Europe, Latin America, etc. on the rise in the rankings. Ranking scores are color coded to indicate positive ranking scores (rate of change / volatility) in green, and negative ranking scores in red. Overall the list is sorted by overall rank but the score that makes up the rank can be positive or negative depending on the recent rate of change. The full list of the funds that are ranked can be found under the Funds tab. Current Rankings of the Funds can be found under the Rankings tab.
Actions: No changes to the model portfolios. Monthly dividends for these bond fund holdings should be announced this week.
Vanguard Model Portfolio: 0.62% [SPY: 3.0%]
Schwab Model Portfolio: 0.29% [SPY: 2.8%]
Disclosure: Positions in SWGSX, SWLBX, SWBDX.
What others are saying (all free sites): Overall Neutral/Mixed
Bulkowski: Neutral (shorter term signal CPI=54.5%)
Buy-Don't Hold: Sell Signal
MTR Investors Market Timing Model: Market Up
My Trading System: Up Trend
Stock TA (SPY): Neutral
Stock Trends: Strong Bearish
Winning Investing: Condition Red - Use Caution
Wishing Wealth: Up Trend
dshort.com: Invested (Note - monthly 10-EMA signal)
Click on Charts to Enlarge
|SP-500 Daily Chart July 31, 2010|
|SP-500 Daily Guppy Chart July 31, 2010|