A Market Timing Report based on the 11-08-2013 Close published Sunday November 10th, 2013

With the good news of better employment figures on Friday, the SP500 Index has essentially re-topped as the chart shows below.  There is no point in buying without another breakout above the top of the range.  If there is in fact a breakout the target remains that upper white line.

Sentiment is the same as last week for individual investors.  My analysis is the same, so please get the password using the link below if you want to read it.

A correction could start from here or from that upper line.  I would doubt we’ll go sailing through that white line without further consolidation, but that would likely frustrate a lot of investors, so don’t rule it out completely.  Defend profits at some reasonable level (that’s my view, but as I like to say, “It’s your money.”)

I cover further thoughts on my access page from time to time, which you can subscribe to here: Free Subscription to My Newsletter  (I’ll send you back the password)

Back to the Top. Need a breakout though.

Standard Disclaimer: It’s your money and your decision as to how to invest it.

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

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