Just a quick update as to how today’s downside activity has affected our Trend Tracking Indexes (TTIs).
Our domestic TTI has come off its high by 3%, but still remains above its long-term trend line by +2.39%. The international TTI also moved lower and currently sits +6.80% above its own long-term trend line.
None of our pre-set trailing sell stops have been triggered, although the Utilities sector seems to be closest to a potential ‘Sell’ by having come off its high by -8.59%. Keep in mind that for volatile sector and country funds/ETFs my sell stop is at -10%. For domestic and general international funds/ETFs my trigger point is at -7%.