Summary: Continue to maintain a LONG/HOLD position.
There has been no real change since last week. The market oscillated up and down, but finished the week relatively flat.
As I have mentioned many times before, my advanced timing work showed a number of cycles arriving and rolling over in early January. That is the primary reason you are seeing the market stalling since the beginning of the year. While everyone else is incredibly excited about the market (overwhelming bullish attitude) we should be very careful here. Again, the market is overpriced and the next leg of the bear market will start shortly. I will provide an exact date as we get closer.
Technically speaking, while the market is showing signs of a fatigue and a roll over, this is not yet the top. Either way, we have to wait for a technical confirmation before reversing position. My previous updates and various fundamental issues associated with the market remain right on the money. Please click on the links below to see them.
As we continue to hold our long position while waiting for the market reversal, right now might be a good time to start thinking about how you would liquidate your holding and/or re-allocate your capital once the bear market of 2014-2017 starts.
If you would like to take it one step further, this is a good time to start researching SHORT opportunities.
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Weekly Stock Market Update, January 18th ,2014