Hi Susan,
I finally done some market work over the weekend.. And found out some of my indicators are as overbought as they have ever been in the last year, some actually mirroring last July's top..
No sell signals materialized today on the EOD daily charts, but on the hourly charts, my up down volume is negative as is the tick.. Price, beta, and Vix are still long but very close to giving "sells".
So becuase of that, near the end of the day, I lightened up in our long term long accounts,40 % cash now, and done a little switcheroo to some fixed income funds.. I scalped a little on the long side in my trade accounts the last few days, and went to 80% cash there today. Further weakness tomorrow should give me sell sigs.. I got pretty defensive today because of the July time frame and the CPI number. We will see.
Now, I sure hope Zak gets his wheels again so you can head over the Mtns and tour the dryer side. In the beautiful Wenatchee area. My 19 year niece is working as a fire fighter there as a summer job. She attends the jv there on a basketball scholarship.. I hope she can move on to Wazzu...
Say hello to that mystical Mt. Ranier, I climbed that years ago...not the hardest route, but sure as heck not the easiest. A route up from the White river campground. the Emmons glacier route.
Not to bore you but I am getting back into the SI writing mode.. I am sort of manic-depressive when it comes to SI...
Well, give Zak a pat for me, and have a wonderful evening.
m
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