Should we be concerned?

The indicators I follow are starting to give back some ground.  Not enough for a reversal, or a sell signal.  But it’s the first few cracks we’ve seen in a market that has gone nearly straight up since late summer.

 

We’ve been on “offense” since June 30th…a long time.  So a reversal would not be a surprise.  Just remember that if we do get a reversal, or a sell signal, it would be the first in a long uptrend…which is usually nothing more than a “stall” (or a breather, or a head-fake, or a false reading…call it what you like).

 

As always, we will keep you informed as soon as changes need to be made.