Market Overview

Good Morning

The market is in correction. Distribution days have reached and have tipped over. Get in cash, to be on safe side.

But the DMSI has not triggered. That is the signal is still 100% equity. I am not getting into cash as yet. I will wait and see.

The Delta MSI measures the position of ~3,600 stocks relative to an intermediate-term moving average crossover (MAC) point. When greater than 50% of the stocks followed are above this MAC point, the market is bullish and equities are attractive. When the indicator is below 50%, risk is elevated and stock exposures should be reduced. Manager uses discretion on asset allocation when MSI is 50% +/- 3%

 

Current Sentiment Last Week 2 Weeks Ago 3 Weeks Ago
BULLISH 57.3% 59.1% 61.7%

Current Market Exposure: 100% Equities, 0% Bonds, 0% Cash

 

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