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-----Oorspronkelijk bericht-----
Van: Jeff Walker <jwalker@xxxxxxxxxxx>
Aan: wml@xxxxxxxxxxxx <wml@xxxxxxxxxxxx>
Datum: donderdag 9 juli 1998 3:44
Onderwerp: Walker Market Letter 7/8/98
>...............................................
>
> W A L K E R M A R K E T L E T T E R
>
>
> 7 / 8 / 98
>
>
> <http://www.lowrisk.com>
>
>...............................................
>
>
> // -- FROM THE EDITOR -- //
>
>First off, we apologize for the delay in publishing this issue of
>the Walker Market Letter. We planned on publishing last weekend, but
>we were still trying to catch our breath after the overwhelming
>response to the all new Walker MarketEdge. For those of you who are
>still thinking about subscribing to the MarketEdge, you can save
>with our introductory special if you act quickly. You can get
>all the details about our new publication and this special offer
>at <http://www.lowrisk.com/marketedge.htm> .
>
>
>
> // -- MODEL UPDATE -- //
>
>
>Lowrisk Market Allocation Model signal strength = 16 (on a
>scale of 1 to 20).
>
>Disaster Avoidance Strategy - 100% in stocks since 4/21/94
>Graduated Strategy - 100% in stocks as of 7/8/98
>Timing Strategy - 100% in stocks as of 7/6/98
>SuperBear Strategy - 100% in money markets since 4/24/98
>
>
>
>--------- A message from our sponsor ----------
>
>* * * FREE Lifetime Subscription to InvestorGuide Weekly! * * *
>
>Over 18,000 investors read it every week to know what's new in online
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>InvestorWords: investing glossary http://www.investorwords.com
>
>------------------------------------------------------
>
>
>
>
>
> // -- COMMENTARY -- //
>
>As of the market close on Tuesday the Signal Strength of our allocation
>model jumped from 14 to 16. The Signal Strength has quickly moved from a
>level of 8 in mid May. Our Timing Strategy is now back in stocks 100%,
>as is our Graduated Strategy. The increase in the signal strength was
>primarily due to the strengthening market internals, improving market
>price action and a favorable interest rate picture.
>
>
>The market really IS firming up here. The SP500 has been in record
>territory for the last few days, and other indexes are starting to shape
>up also. The DJIA is getting stronger and finally closed above 9000 last
>week. The NASDAQ has rebounded strongly and is now in record territory.
>
>Interest rates are very low and stocks could not really ask for much
>more on the interest rate front. The 30 year Tbond rate is 5.62%, while
>the 3 month Tbill is at 4.95%. Right now the interest rate picture looks
>very bullish for stocks.
>
>As mentioned above, the market internals have been rapidly firming up.
>Our internals indicators have broken their down trend lines, a very
>bullish sign. The advance/decline line (ADL) is still a long way from
>making a new top, so the market does not have the "all clear" signal as
>far as the internals are concerned. However, the ADL is rebounding
>strongly. The lag in the ADL is at least partially due to the extreme
>weakness in the internals throughout the market drop. In other words,
>the ADL has a lot of lost ground to make up. The entire decline was led
>by the broad market, only the strength in the big cap stocks helped
>contain the damage in the SP500 and DJIA.
>
>Another positive for the market is the sentiment picture. While there
>are certainly plenty of bullish investors and gurus out there, there
>seem to be almost as many that are growing cautious. Remember that
>sentiment is a negative (or contrary) indicator. So with the SP500
>making new highs, we take these signs of skepticism as a bullish sign
>for the market.
>
>To sum it up, we have some bullish looking chart patterns, improving
>market internals, a positive sentiment environment and a great interest
>rate picture. This all adds up to a market that looks poised for a
>summer rally, and the increasing strength in our Allocation Model
>reflects that.
>
>
>--------- A message from our sponsor ----------
>
>Get the rest of the story - the Walker MarketEdge has more of
>what you are looking for - charts, commentary, models, flash
>updates! You still have time to get our Introductory Special.
>Act now and save $$$. http://www.lowrisk.com/marketedge.htm
>
>------------------------------------------------------
>
>
> // -- WEB SITE UPDATE -- //
>
>We have updated our "98 Crash" page with new commentary and charts. If you
>haven't seen this page before, it looks at the current stock market in
>light of historic bear markets. You can see it at:
><http://wwww.lowrisk.com/98crash.htm>
>
>
>
>NEXT ISSUE: Sometime around 7/19/98
>
>
>Good luck,
>Jeff
>
>
>More than 66% of our 14,000 subscribers have portfolios greater than
>$100,000. Sponsor the Walker Market Letter and put your ad in front of
>them! For details mailto:sponsors@xxxxxxxxxxx
>
>
>===========================
>To SUBSCRIBE: email to <wml-request@xxxxxxxxxxxx> with
>"subscribe" in message body.
> ----
>To UNSUBSCRIBE: email to <wml-request@xxxxxxxxxxxx> with
>"unsubscribe" in the message body.
>===========================
>Copyright (c) 1998 by Jeff Walker, Lakewood, CO
>
>Disclaimer:
>The financial markets are risky. Investing is risky. Past
>performance does not guarantee future performance. The
>foregoing has been prepared solely for informational
>purposes and is not a solicitation, or an offer to buy or
>sell any security. Opinions are based on historical
>research and data believed reliable, but there is no
>guarantee that future results will be profitable.
>
>***************************
>
>
>jwalker@xxxxxxxxxxx
>
>http://www.lowrisk.com
>
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