micros ramblings

comments on investing by themicrokid. mutual funds, index funds, leveraged funds by Rydex, common stocks, closed end funds - CEF, exchange traded funds - ETF, and market timing are areas of interest.

Thursday, February 16, 2006

okay, I am moving to only slightly bullish

The DJIA, S&P, and the Nasdaq both are close to doing spinning tops today. The best news of the day, is that the NYSE is haaving a pretty good day. This was a big concern. A 5 day RSI model with a sell point of 50 is signaling sell, not a very good model, because it leaves you out on big run ups. I am not expecting a big run up. The S&P and Nasdaq is right at resistance. February 20 is Presidents' Day, a trading holiday.

Therefore I am moving to a much less bullish posture. I will have a 53% bullish, 47% bearish tommorrow. Depending on what happens tommorrow, another shift would not be unlikely. No clue to which way.

See prior disclaimers.

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