Here we go again. Yesterday’s rally erased pretty much all of Friday’s losses and pushed our domestic Trend Tracking Index (TTI) back out of the neutral zone.
The domestic TTI has now moved to +1.83% above its long-term trend line, slightly above the upper range of the neutral zone (defined as a level of +1.50% above its trend line).
Again, if this level holds for a couple of trading days, it will constitute a domestic Buy, and we will move back into that market.
Internationally, nothing changed as the international TTI still remains -2.29% below its long-term trend line.