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We are very excited to have teamed up with demographic experts Ken Gronbach and Nick Eberstadt to publish the Age Curve Report. This is an in-depth monthly demographic and stock market report that examines today’s "Generational Opportunity" in equities. Our 2009 archive and our... More
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  • Which Way to Jump? 0 comments
    Jan 29, 2010 8:54 AM | about stocks: SPY, IOO
     This week we saw fear return to the stock market, as the Bulls scratched their heads and slide down the 'Slope of Hope.' Our 2010 NDR Road Map called for a market pull back in late January before heading higher into April. We would add it may be a very bumpy short term ride (see top chart below).

    The sharp pull back has been accompanied by a healthy pull back in investor sentiment. The Ned Davis Research Crowd Sentiment Poll fell back to 50.4, placing it in to the neutral band.

    Due to our caution (valuation and anything to do with China), we have placed a stop-loss at 1080 on the S&P 500 or 108 on the ETF (SPY). At this point, we would look to shift to a more defensive portfolio stance to protect the model's capital.

    In summary: Don't jump just yet and until then, enjoy the bumps! 


    Source: Ned Davis Research
     



    Disclosure: We are currently cautiously long of the market
    Themes: sentiment Stocks: SPY, IOO
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