I had several feedbacks about the 4-week cycle.
This is how I read its position as of today's closing. The market (and most stocks) started rallying on the first week of February. After two weeks into the cycle, it is reasonable to expect some consolidation.
This is what is happening right now. Stocks are sputtering -- a sign the 4-week cycle has reached a peak.
What does it mean? The market, in the best case, is not going to do anything for at least another week.
If it declines precipitously, the correction could last at least a couple of weeks before we see the bottom.
Either way, the odds are that your are not going to make much money in the coming sessions.
Of course, the usual caveat ...I have been wrong many times before.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
Disclaimer. No material here constitutes "investment advice" nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
No comments:
Post a Comment