Market Timing Brief for the SP500 Index Close on 11-29-2013: Where the Bull May Hit the Wall

A Market Timing Report based on the 11-29-2013 Close published Sunday December 1st, 2013

The SP500 Index is still rising toward my original target trend line which places the “lid” at 1827 or so (the line is rising over time).  

But there is another long term trend line (green line) based on lows back in 2010 and 2011 vs. the white line that connects 2012 and 2013 highs.  That top green line measures out to about 1878 as of the close Friday.  These projections can be off a bit due to the limitations of the software, but these two lines are the major upside targets for the Bull that seems not ready to quit just yet.  The market has been rising slowly, which is helpful to the Bulls and frustrates those who choose to be permanently Bearish. 

The money flows from bonds to stocks are what is making this market go to extremes.  

sp500-index-market-timing-chart-2013-11-29-close

S&P 500 Index still a Bull Market.

I will be covering my thoughts on investor sentiment for free subscribers, but through the monthly update this time (out by late Sun. night), which you can subscribe to here: Free Subscription to My Newsletter and access to my latest comments  I’ll send you back the password to the access page in the same email.  In this monthly report, I review ALL 35 markets and their Bull vs. Bear status.  Please stay away from the Bears!

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

I also comment regularly on Twitter: Follow Me on Twitter

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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