We're seeing a minor pullback today following overnight weakness in the foreign markets. As long as the pullback remains modest the odds for the bulls are in tact. TLT was up almost 1% today coming of oversold conditions but if equities soar its likely to fall again. Earnings are the key now.
Here's the M11 full market spectrum model with the Short Term momentum mode turned on.
And here's the Schwab no fee market model with the Short Term momentum mode turned on.
Note that in both the M11 and M6 model the 2 Day Alert has crossed over the trend line...indicating the odds for the currently ranked signals are in jeopardy and should be avoided or watched closely.
