Note: The US investment markets, and my office, will close at 1PM, Thursday, December 31st, for the obvious reason. Normal operations resume after the New Year on Monday, January 4th.
The bullish percent indicators also had a mixed week. Two of them were down a fair amount, while one went up a decent amount. Overall, the weight of the evidence requires us to pursue WEALTH ACCUMULATION for clients.
Remember, Xs mean OFFENSE or wealth accumulation, while Os mean DEFENSE, or wealth preservation.