Written by Super User
=&0=& | Published: 24 August 2013
The market model continues to show broad improvement in the S&P500.
The BUY-SELL imbalance, which is the net number of S&P500 BUYs
minus the net number of S&P500 SELLs, has fallen from -189 a week
ago to -101. At this rate I would expect I would expect the more
conservative model to indicate a BUY in the next 10-14 trading days.
Attached is an updated view of my working market model. Presently the -189 net SELL imbalance as applied against the
S&P500 has improved from its low of -351. This uptrend is usually a
positive divergent trend, signaling a market uptrend lasting some
number of subsequent months. From the time of the original signal on 9/27 at 117.54, the market has climbed to 122.58.
Conservative. Smart. Investing.