Slow Down On Buy Button

This short-term trend is at the top of the range so it is time to slow down on the buy button.

The SPX equal-weight is up against resistance.

I think the small caps might be the next group to participate.

The ECRI Index just poked up above the zero-level, so I think the longer-term outlook has flipped to positive... although with the usual backdrop of a choppy, muddling economy.

 

Outlook Summary

The long-term outlook is positive as of April 12. 

The medium-term trend is up as of January 4. 

The short-term trend is up as of March 29.

The medium-term trend for bond prices is up as of November 16 (prices higher yields lower).Likely to be downgraded to negative soon.
 

Investing Themes:

Large-Caps, Mid-Caps, Transports, Dividend-Payers
Technology, Consumer, Industrials
Semiconductors, Software, Retail
China, Russia

Strategy During a Bull Market:

• Buy large cap stocks and ETFs at the lows of the medium or short-term market trends.
• Buy small cap growth stocks on breaks to new highs in the early stages of market trends.
• Reduce buying when the market trend is at the top of the range.
• Take partial profits when the market uptrend starts to struggle at the highs.
• The cardinal rule is never invest based on personal politics. The stock market can do well regardless of which political party is in control.