Market Outlook Went to Neutral
Those following our intermediate outlook probably noticed that our vote in the TickerSense Poll went to neutral last week.
The prior week’s bullish call did not work so well, as one of our commenters noted. We congratulate anyone who had excellent timing on when the long-trumpeted market risks hit. The model we use for overall market timing has had a great long-term result. It gets us on the right side of big moves, and it anticipates some switches. Results like last week go with the territory.
Unlike others who keep their votes anonymous, we have elected to reveal our intermediate term calls. Our simulations tell us that there will be some negative swings. Any experienced trader or investor understands this. We knew that we would look foolish at the time when we decided on this course. Readers should understand that this is an educational process. The basis for the timing model is laid out in more detail here.