Where R We Now?

Courtesy of humblestudentofthemarkets.com

Courtesy of humblestudentofthemarkets.com

Courtesy of humblestudentofthemarkets.com

The above charts display the changing data in recent sentiment.  There is now data that supports/suggests that we may experience a short term market pullback or at least some kind of consolidation soon.

If and when there is a pullback, we would refer back to the post below on March 4,2016 titled 2016 Bull or Bear?.
Link    http://justsignals.blogspot.com/2016/03/2016-bear-or-bull.html

In that post the Escape Velocity is discussed.  Based on the data in that post, we should allow for a higher market in the second half of the year.




The July 6,2016 post, David Kostin of Goldman Sachs also suggests a sell-off could come in the next three months, Kostin expects some recovery in the market that would bring the S&P 5oo back up by the end of the year.

Link     http://justsignals.blogspot.com/2016/07/david-kostin-of-goldman-sachs.html

The ChaikinAnalytics charts posted on July 20,2016 also indicate a short term OB market.
Link     http://justsignals.blogspot.com/2016/07/charts-sly-iwm-qqq.html

So if a pullback develops we will look at the indicators at that time and if all looks according to plan, buy the dip.

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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results