A variety of forces combined yesterday and pulled the major indexes off their highs.
Some kind of a correction was long overdue with the markets having enjoyed an extended run. It remains to be seen, if this is the start of something prolonged.
Judging by the low volume, it does not appear that way but, nowadays, you need to be prepared for the fact that anything is possible. We may very well enter a period in which neither wild fear is coming back into the market nor unbridled enthusiasm.
Our Trend Tracking Indexes (TTIs) retreated and are hugging their respective trend lines as follows:
Domestic TTI: +0.86%
International TTI: +8.79%
Hedge TTI: +0.27%
All buys signals remains if effect subject to our trailing stop loss points.