The Major Trend Index was unchanged at 1.10 in the week ended July 18th, hovering just 0.05 above its 0.95-1.05 neutral zone. The combination of inflated investor sentiment and weakening market internals is a negative one for the very near-term, and we cut net equity exposure in tactical funds to 60% (from 65-66%) to position for potential late-summer trouble.
Jul
25
2014
Major Trend Index Unchanged at 1.10
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