Weekly Commentary
June 15, 2010
The Stadion Investment Model continues to signal the highest level of risk as the equity markets are still in a downtrend. Volatility in these types of downtrends can be severe and cut both ways. The quick pop off of S&P support near the February lows has quickly turned sentiment of financial media more bullish. For risk levels to abate we must see signs of improving internals and positive price action. Yesterday the S&P failed for a 3rd time to trade above the 200 day moving average. For probabilities of positive price expectancy to be on our side, which will allow us to move some assets back into equities, we will need to see vast improvement. Trading and holding above the 200 day moving average is just a first step. As always, we are monitoring market dynamics daily and will tactically adjust our portfolios as market conditions warrant. - SMM-062010-038Looking for more insights?
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