Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Intermediate Fuel Tank Remains At +20 Again

The Pring Turner Intermediate 10C Fuel Tank remained at the moderately bullish +20 level and for the 3rd week in a row none of the underlying indicators changed. This is a "get ready" indicator, not a trend indicator. The fuel tank tends to fill up significantly when there is little intermediate term downside risk for the stock market. We like to use this indicator in conjunction with our business cycle stage analysis to help us identify intermediate term entry and exit points.

(click to enlarge)The Fuel Tank remains in moderately bullish territoryClick to enlarge