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Daily Commentary
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The S&P 500 is now at 1066 and still no buy signals. We remain in cash. This is good. Watch for a potential intraday alert if we move back to a buy on the Madison Market Timing Indicator
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On Monday's open we bought the Software HOLDRS (SWH). It is now a nice winner. We remain hopeful that if we move above the neutral point on the S&P 500 we can move back to invested. That level is ...
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It was noted on Wednesday that, "We remain hopeful that if we move above the neutral point on the S&P 500 we can move back to invested. That level is 1120." The S&P 500 is now at 1063 and still no buy signals. We remain in cash. This is good.
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All major indexes have Madison scores around -20 so if Trend can get a bit more exhausted then we might have a plethora of buy signals on the major indexes soon. If buys are produced, expect to see a Flash Alert. On a ETF basis, several ETFs in the
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