an tSionna {An Intermediate & Longer Term Review}

We talked recently about the hidden correction that the market seems to have been going through and we became a bit more cautious shorter term back on August 5, 2014.    I'd point out though that this cautiousness is at this point for our shortest time frame.  On an intermediate and longer term basis markets-as defined as the S&P 500-are still in a bullish phase by our work as of this post.  

Some times you just need to look at longer term charts.  Below we post courtesy of FINVIZ.com intermediate {weekly} and longer term {Monthly}charts of the S&P 500's ETF SPY.  Are comments are on the charts.

Weekly:

Monthly:

*Long ETFs related to the S&P 500 in client and personal accounts although positions can change at any time.

I am out tomorrow for client meetings so the next post here will be Wednesday.