I've presented some analysis of various signals that I watch at my TSP blog, which can be found at http://ggt-tsp.blogspot.com. I suggest that you review that material to understand today's title a bit better.
- The GGT price index has hit an all-time high of $33.88, taking out the high of $33.45 on 2/18/11. New Highs are bullish.
- Volume remains below the average 50d MA level. We saw this same behavior during December, so don't get lulled into thinking that lack of volume can keep the market from moving higher -- it moved much higher in December 2010, on very poor volume overall.
- The Elder Force Index timer has confirmed a 2-day move upward into positive territory, and this is a new bull signal.
- GGT Bull Strength, which is the ratio of GGT New Longs compared to GGT New Cash recommendations, has made two consecutive days of being above 1. This means that more stocks are appreciating in terms of price and volume than are falling below historical optimized levels. This is bullish.
- The slopes of moving averages on the GGT price index are all positive and pointing upward. This is bullish for higher prices.
- The GGT Price Accumulator Oscillator is mid-scale at 0, showing that it is an equal reward/risk ratio to enter the market with new long positions on Monday.
- The GGT Short-Term Long-Cash Ratio (LCR) Change Timer, which is just what it name implies, has been long since 3/18/11. It has gained +3.95% in this time frame.
- The VTI Short-Term Timer, which is the tradable ETF on the GGT Price Index, has been long since 3/21/11. It has gained +0.8% in this time frame.
- The LCR has gone up a consecutive 6 days running, moving from a value of 0.297 to 0.900. This is a large change in a small amount of time, but is bullish.
- The slopes of the LCR moving averages are turning more positive and are confirming an expanding database. Historically, this has been a good time to buy stocks.
- As I indicated in the GGT-TSP blog, I'm moving my TSP funds from 100% cash to 100% invested in the market.
- I intend to gradually exit from the remaining contra positions that I hold, but will do so selectively as the contras show strength, not as they show weakness. I know this seems counter-intuitive, but we are due for a short-short-short-term pullback, which will reduce my losses in the contra positions.
- I intend to add to my present holdings to build my present portfolio.