OBOSS Market Timing 03/27/15 ‘OBOSS at -0.38’

oboss_03_27_15OBOSS is neutral.

Normally with a neutral market we watch for signs of strength or weakness around the 50 day moving average on the S&P 500.  While we’re not at any extremes there are clear signs of a weary market.  The 50 day simple moving average has been tested several times and the rallies off the dips have less and less momentum.

Considering the lack of volume, momentum, and length of the “bull market” – it is prudent to neutralize deltas and take protective measures to make sure your portfolio can handle a correction.

 

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