With Wall Street’s big guns having returned from their summer vacations, it was time again to push the buy and sell buttons. Today, despite low volume and short covering, the sentiment was bullish.
Our Trend Tracking Indexes (TTIs) are now positioned in regards to their long term trend lines as follows:
Domestic TTI: +3.65%
International TTI: +2.51%
I can no longer ignore the fact that the international TTI has now moved solidly above the line so, effective tomorrow, Wednesday, I will move back into that market. Depending on portfolio size, I will use an allocation to broadly diversified international funds/ETFs of anywhere from 15% to 30%.
As always, I will set my trailing sell stop at 7%.
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