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[TTHQ Staff]

The Almanac Investor says: S&P 500 MACD SELL Signal Triggers 05/11/2007 .

The market retreated today on several disappointing numbers from top retailers and the first decline in Chain Store Sales since March 2003. Traders also may have come to a realization after sleeping on the FOMC Meeting Statement that the Fed is not going to cut rates anytime soon and is willing to let the economy weaken to stave off inflation.

After logging new all-time highs for the better part of the last three weeks, the Dow suffered its third-worst one-day decline today, falling 1.1%. However, this did not trigger the Dow’s Best Six Months MACD SELL Signal. Unless the Dow gains 83.80 points tomorrow it will trigger.

The S&P 500’s Best Six Months SELL Signal did trigger on today’s close. The S&P has been on a tear the past two months, but has not been able to best its year 2000 all-time highs. Today’s 1.4% tumble was enough to trigger its MACD SELL Signal. This is the “Official” MACD Seasonal SELL Signal for the S&P, and the S&P only. SELL the S&P 500 Spyder (SPY). It has been closed out of the portfolio as of today’s close. From our 12/13/06 buy point the SPY is up 5.4%.