Monday’s market drop continued Tuesday as economic worries persisted.
The only saving grace for the bulls so far was that volume was very light again, and the S&P; 500 bounced off its 200-day moving average.
Our Trend Tracking Indexes (TTIs) all retreated and are showing the following positions:
Domestic TTI: +0.62%
International TTI: +7.92%
Hedge TTI: +0.03%
Weakness has definitely set in and pulled our international holdings off their highs. We will watch the sell stops closely and take action when our pre-set trigger points get pierced.