Market Indicators & Strategy Report Aug. 20, 2014

Lumpiness in Liquidity Factors Cause Short-Term Pullback  Maintaining Bullish Rating

Something unusual happened this week. After the prior week’s rise of our indicators into the bullish range, this week our major market indicators fell down hard, into the lower part of the neutral range. We were bullish in the prior week not just from the single score above 60, but from the trend line of the MMI which led to that bullish score, which rose in a steady slope to get there. Thus we were surprised that this week’s score fell to 52.5.

 

MMI_20140820

 

Market Indicators and Strategy Report 20140820 (PDF)