BAMBI Update
Janko, note that I paid $75 last fall to get involved in the conversation. It was well worth the toll!
Last week I noted that I thought the market would be flat. It's getting to remind me of predicting the weather here in sunny Florida. On 4/10 the Index was 1110.66, 5/22 it closed at 1110.47.
Of course, really nothing happening in the world. A few more Japan Finance Ministry personnel decided on a Doji Gravestone. India threatened my poor Karachi 100 with oblivion. HWP warned again (what's that, 9 out of the last ten quarters), and tech continues to destroy portfolio performance. Chris is glad he didn't get those ADPT options and I'm glad I stayed away from SMOD.
The focus at the White House changed from what Clinton was getting to what Clinton was giving away. Did China actually have the audacity to pay to influence our politics? Seems like we're usually the ones paying to have our politics influenced (but we call it foreign aid).
Last week was weird. As noted, in the previous week we had 10 stocks that the weekly MACD was giving a bearish indication. While 17 DJIA stocks beat the Index, 8 of these were in that bearish group. As far as the current BAMBI reading, it deteriorated a notch with 20 to 10 bearish. But, it appears the big boys are still in favor, and, thus, it looks like another flat week. And .. here it continues to be sunny and warm with a chance of afternoon thunder showers.
Day 27/29 and counting!
Berney |
