Less Worried

As I mentioned in my previous posts, my macro indicator was exhibiting deterioration which if sustained (to lower levels) would indicate a possible market top in March of 2018.  Over the last five weeks, however, the macro indicator has strengthened and I now believe that it's less likely that the market will undergo a significant correction in March.  I continue to be fully invested and don't plan to change my stance. 

Nothing new but something to think about

As I noted in my past posts, the positive bias should remain in force until at least March of 2018.  My macro indicator is showing a peak at this time.  Although the indicator has exhibited some deterioration, it's still far from levels that would get me worried.  I'll post an update if this deterioration accelerates and if it forewarns a greater than "normal" pullback.

Positive bias still in force

In my last post, I mentioned the possibility that the longer-term trend might change based on my macro indicator.  Since that time, however, the indicator has not deteriorated further.  Thus, I am confident that a positive bias over the longer-term will stay in force until the Spring of 2018 at minimum.  In the short term, there still remains the possibility of a pullback into June.  Current weekly RSI charts support this opinion.

Is something lurking on the horizon

In the intermediate term, nothing has changed my view that the market is headed higher.  There still remains a chance for a pullback into June.  I'm a bit surprised that my macro indicator hasn't wavered. In fact, it's showing a strong upward bias until Spring of 2018.  The indicator, however, is finally showing some (minor) deterioration which could translate to a peak in March of 2018.  It's way to early to make that call but it'll be interesting to see what the trajectory of my macro indicator will be going forward.

Full steam ahead with only minor bumps

Hello everyone.  I haven't written because I don't see any major events on the horizon. As I stated in my last post, I'm fully invested.  With that said, if you are wondering about entry points going forward, there might be a pullback upcoming as the weekly RSI has carved out a negative divergence. Other than that, my macro indicator is showing some weakness going into late June.  However, this weakness might only be short-term so I wouldn't necessarily wait until this time; rather, I would buy on any pullbacks because 2017 is shaping up to be good year according to my macro indicator.