Continued Churn

Over the past week our core market health indicators continued to churn along with the market. Most of them rose, but none significantly. We still have every category with the exception of the economy with positive readings. As a result, none of our portfolio allocations will change this week.

 

For a longer term view I’m currently watching Dow Theory for a warning or confirmation of a renewed uptrend. Dow Theory should give us some clues over the next few weeks if there is cause for concern, but it will take longer to confirm the uptrend. Until we have more evidence I’ll wait and watch with a small hedge.