Market Timing Brief for the SP500 Index Close on 10-25-2013: Just 0.44 Above Prior High

A Market Timing Report based on the 10-25-2013 Close published Sunday October 27, 2013

The SP500 Index has made yet another high, but by only 0.44 points.  Certainly, the Bulls have the ball to lose, but the failure to better the prior high by more than 0.44 points at the Friday close is not entirely positive.  If we move up one more notch, especially if we rapidly reach that upper white trend line on the chart below, this move will probably be about over.  Getting out of markets at highs is a tricky business, so I’ve hedged my position somewhat by reducing my long equity position.  How much?  I cover my thoughts on my access page, which you can subscribe to here: Free Subscription to My Newsletter  (I’ll send you back the password)

Here’s the chart:

sp500-index-market-timing-chart-2013-10-25-close

SP500 makes a new high, but barely.

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I thank Worden Brothers for the chart system I use to post these charts.  If you want to know more about the charting system I use every day, go to my “Other Resources” page here:  Other Resources   It makes it much easier to follow along with me if you can see the charts and manipulate them on your own computer, so it’s a great investment to have an excellent charting system.

Look for updates on the main chart tracking pages this week as I feel they are needed and comments via Twitter.

Copyright © 2013 By Wall Street Sun and Storm Report, LLC All rights reserved.

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