Daily Investment Interpretations

August 30, 2009

2009-8-30:  The U. S. market indices are setting up like the early June indices before the June-July correction. The bears are licking their chops in anticipation of the approaching pullback. However, my technical advisory service suggests that there may be too many bull market signals and too much mutual fund performance anxiety cash to indulge the bears. In the meantime, the Halter Chinese index, HXC, is kissing its 50-day moving average. However, my Cabot China and Emerging Markets Report observes that the augurs are still positive, and until they turn negative, the Cabot recommendation will be to stay the course.
    Both situations bear watching.