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16-Aug-08
Market Indicator Chart
I am experimenting with posting this chart which I consider an important market indicator currently. The S & P 500 is shown in the upper portion of the chart and the difference between bearish money flows and bullish money flows in the Rydex family of funds is shown in the bottom portion.
This indicator has done a good job of forecasting the market recently. When flows into the bearish funds were very high as in mid 2006, a good buying opportunity was presented. Early in 2008, though, the flows were heavily into the bullish funds, a signal to move to the cautious side of the market. Currently, the indicator is neutral but trending lower. It has never turned bullish since the market top. This indicator, combined with others essentially saying the same thing, means to me that it is too early to adopt a bullish stance. While I am willing to buy attractive individual stocks, I am also very willing to hold cash if those new ideas are hard to come by, as is the situation currently.
Posted at 14:46 in Market Report | Permalink | Comments () | Top
Prepare for a Rally
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epicadv
Oil long term suppo...
Yep, we still got 10 bucks of downside till the big support ...
leo00o0
488: 確かに、ここは敷地内で「森」...
確かに、ここは敷地内で「森」といえる中を散歩できるのは巣晴らしい。そして敷地内のレストランで一流のシェフの料理に舌鼓をう...
sexy_man
XOM Rationale
If the price of gas continues to rise, and with the profits ...
gms8994
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