Daily Investment Interpretations
August 30, 2009
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.