Thrift Savings Plan

[baja6string]

We’ve got a lot a bullish signs and one would think all is well. Not true! The S&P 500 is 14.2% above its 200-dMA (too high) and only 2% of issues on the NYSE made new-highs at the 13 November all-time high Friday (too low). Looking back 11 years, the only time I could find that those two indicators were bearish at the same time was on 2 sept 2020. That was the top of the recently completed 9.6% correction.

I also found only 1 all-time-high with a lower % of new-highs over that 11-year period. That occurred after a correction-low when new-highs would have been depressed.

The bottom line is that the markets are showing an extremely narrow advance suggesting a fragile market ready to fall.