Updates, Current Thoughts and Moving Ahead

Does the third quarter mean a new start to the year? We will get to that in a few minutes but first a couple housekeeping items.

First, we recommended Salesforce (CRM) in an article that was published on June 13th so we will use the close of that day. The stock closed then at $166.03, It closed Thursday, July 7th at $176.64 up $10.61 which is 6.39% while in the same period the S&P 500 is up 4.08% and the Technology Select Sector SPDR ETF (XLK) is up 6.01% so we are tracking the sector return and ahead of the S&P 500.

Next up we are updating our Bias Indicator on the major equity indexes. We also can do this table on any security that trades as long as there is volume attached. Next week we will look at how we use this to track asset allocation across stocks, bonds, currencies, commodities and international as well as sectors.

Since our last update on the 21st of June, all the Daily DMA Channels have turned positive. In addition, ONEQ and IWM have turned to Inside From Below which if they continue to move higher will improve the status to Above.