Friday, April 15, 2011

No change in the Navigate the Stock Market analysis

Initial Jobless Claims rose to 412,000, the market expected 385,000. Consumer prices had their biggest jump since the summer of 2009; they rose 0.5%. Core CPI (x-energy and food) was OK. I paid $3.799 for a gallon of gas today. Ouch!  Inexplicably, consumer confidence rose. The S&P 500 was up 0.4%.  Given the news, I’d say that was pretty good.

NTMS switched to SELL on 22 February at S&P 500 = 1315.  Since then, NTMS analysis has been Sell or Hold (it remained Hold today); therefore, I am still conservatively positioned with only 30% invested in stocks.  I am 2xshort with 50% of my trading portfolio using QID and the Inverse Rydex 2xNazdaq fund.