From Chief Investment Officer Tom Veale,
“The unfortunate thing about watching markets recover is the dilutive aspects of fundamentals deteriorating with that recovery. If indexes rise with no improvement in earnings, we see Price to Earnings becoming more risky. If investors are not convinced of a change in market trend we see large numbers of new 52 week highs and lows simultaneously. Both of these things have been happening in recent weeks.
What hasn’t been confusing is the SignalPoint Process’ reaction. We have seen the components of our various investing strategies move from the “accumulate” side of their activity to neutral territory awaiting further price improvement before starting to distribute share inventory. We carefully monitor each and every position for profit opportunity and react accordingly.
Best regards,
Tom Veale
SignalPoint’s MRI rose this week to 31, up a point from a week ago. The MRI Oscillator shows upward risk pressure with a +6 value this week.”
