Nothing Really New

There is not anything of note that has changed with the stock market. You can see my Magic Potion indicator is in the red, which is not good, but it is only one of the components of my system. The rest are still firing away in Green Mode.

The commercials have dropped down to 69, so they have backed off some. If they were to drop significantly, and everything else stayed the same, my system could trigger a sell signal. If I had to guess, I would say that they will gradually taper off on thier longs over the next 4 to 6 weeks. This would coincide with the July/August typical seasonal high, and indicate an exit then.

Only time will tell if that will take place. Until that happens, it is stay long and ride the trend. Do not be a hero trying to fight this trend. Unfortunately many of our great heros died earning their reputation, you will also if you fight trends. You may get lucky once in a while, but over time, you will get run over.