Weekly Risk Report 06/22/2009
The market consolidation continues this week while we see some moderation in the i-Wave. The Speculation component that had alone been driving the IW toward a High Risk reading has started to fall back toward a more normal range. The other components remain in more bullish ranges.
This graphic shows just how far the Speculation component has ranged in the last 9 months:
Much of what has been seen in the last 8 weeks is somewhat ‘kneejerk’ reaction to how depressed all stocks were earlier. Considering 80% of the database since 1982 exists between the Red and the Green lines, you can see how far from normal the previous nine months have been.
Close scrutiny of our data shows there is need to complete this consolidation process before the markets can move forward. The second quarter of 2009 has been generous for most of the market. Our SignalPoint portfolios will be reviewed soon for their performance for the quarter. We look forward to comparing our activity to the general markets.
