The International index is still very messy but you can see price today peeking out the top of the bull flag drawn on the chart. Way to early to call for a re-entry but it has to be watched if price continues up and out of the bull flag. I would be comfortable calling for a re-entry here if price closes and holds above the last high of $59.59 for at least two days. See the gray box on the chart? That is the territory that price needs to jump into.
As far as the S&P 500 and Small Cap go, they are back on target and screaming, “be invested.” Today the S&P500 once again printed another all time high for 2013. The CBL line on the S&P500 is also moving up to follow higher prices. Small Cap printed a new high for the year but did not close at an all time high. Why are prices going up? Who cares, price pays not news, so I will follow price and get out when price says get out. To simple.
No comments:
Post a Comment