TimingCrystal

[teabull]

"This week saw tremendous buying pressure across the board from stock market bulls. What a difference a week makes. As we alluded to last week, the Board of Governors at the Federal Reserve voted to lower the discount rate by 0.50% last Friday. I believe the stock market gains of this week were in direct response to that decision. Remember, for the period January 24, 1958 to February 22, 1993 there were 16 occasions that the discount rate was dropped by 0.50% or more. Over successive 12 month periods of such an occurrence, the S&P 500 Index gained on average 21.80%. I am relatively happy with the manner in which the TC Index handled this latest stock market correction. During the correction the TC Index generated three trade signals. All of which, to date at least, have proven profitable, if each only by a small margin. I am most happy that the TC Index had us out of the market during the bulk of the sell-off, where the tendency for most traders would have been to sell at or near the bottom during the panic selling. However, given the overbought nature of the major stock indices now, I would not be surprised to see the market decline over the new few to several trading days in order to bring it back to a level where traders should want to push it higher again. The TC Index was designed to issue just 3 to 5 trades per year. Given this, my hope is that the stock market improves steadily over the coming weeks and months in order to negate the need to issue another trade signal over the short-term", said Anthony Waller, President of Teabull Asset Timer Ltd.

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Please note: The views of Anthony Waller and Teabull Asset Timer Ltd are not a recommendation or a solicitation that any particular investor should purchase or sell any particular security in any amount, or at all. We always recommend that investors seek investment advice from their licensed investment Advisor or Broker before making any financial decisions.