U.S. Market at an Imminent Top

Market Timing Signals
Short-term Signal: Sell
Long-term Strategy: Sell the rallies

All signs are pointing to an imminent market top. Sentiment indicators are as bullish as ever since the start of the bear market in October 2007. Technical indicators are also reaching extremely overbought levels. Worse yet, there are widespread disillusions among money managers -- only 10% of all managers believe the stock market is overvalued (Barron's big money poll, March 28). The biggest opportunities are created when market prices no longer reflect true fundamentals and technical signs are pointing to a reversal. Right now is the perfect opportunity to short the market.