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Brief update here -- with the close of markets on Tuesday, November 3rd, my models have transitioned long on all measured time frames. Target equity is 100%, subject to market ebb/flow.
We are short-term overbought here -- the number of stocks that are rated long is high, relative to recent history, so we can expect a pullback at any time:
Note that the solid red line corresponds to a level of 63,4% longs in the database; we are at 60.4%. 3 more percent -- or roughly 90 more stocks transitioning to a "New Long" status (net of "New Cash"), and we'll be there. We're averaging about +1.4% per day net New Longs, so 2-3 days at this pace.
When we hit this level I'll not purchase any stocks until we get back to a lower value. Ideally, we'll pull back to the "Green" zone.
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Here's how to find me:
Stocktwits/Twitter: grems8544
Greenfield Bargains: https://www.collective2.com/details/95793176
Greenfield Dividends: https://www.collective2.com/details/94780986
Greenfield Leaders: https://www.collective2.com/details/94921209
Greenfield Low Beta: https://www.collective2.com/details/95702992
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As with all my ramblings, you are responsible for your own investment decisions and I am not. Please do your own diligence, and please take ownership for your actions.
Regards,
pgd
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