It’s hard to be bullish with major indexes back below their 50-day moving averages.
But we’re holding our Buyer’s Caution bias for the time being as we wait to add more evidence to our analysis.
Sleepy summer action has many major funds on the sidelines. Without the benefit of being able to gauge what these market drivers are up to we’ve decided to do the same and remain low-key.
Sooner or later a more clear picture will be had, proving an edge to place our capital with.
Until then, enjoy the summer.