Tuesday, March 19, 2013

March 18 - Short Term Timer Transitions to Cash, Stay the Course (for Now)

With the close of markets on Monday, March 18th, my GGT short-term timer has transitioned to cash. Investing in the ETF VXF or IWM would have yielded about 1.1% gains since the signal transitioned long, if you close at or better than the closing price of March 18th.

This *could be* a good entry time if the markets reverse and continue their climb. Watch the MF indicator at the Effective Volume site (www.effectivevolume.com) and stay on the correct side of that recommendation. With my intermediate-term and long-term timers still solidly bullish, pullbacks in quality stocks should be examined closely for favorable EV patterns.

To this latter point, the link HERE is of the most recent leader's list and is sorted best EV patterns descending on a 5d, 10d, 15d, and 20d lookback timeframe. My focus is the top of the list.

Note that this list changes daily with respect to order and MINOR changes to composition are weekly. This is a very solid, relatively-static list, with major updates and close examination on the weekend.

Due to my pending travel schedule I'll try to post an update using Friday's close but then it will be static for the period 3/23 - 3/30.