The
Investment Company Institute reported today that $1.9-billion flowed into US equity
mutual funds for the week ending 20 April (the most recent data
available). Prior to Jan of this year,
funds have been flowing out of US equity mutual funds going back several years
so this is “new” money and may be what it takes to drive the market
higher.
SUMMARY
OF NTSM INDICATORS:
As
of today’s close, our 4-areas of market analysis present the following picture:
SENTIMENT: Neutral.
%-bulls indicator was 47% as of yesterday’s close.
PRICE:
Buy. The Price analysis indicator remains
firmly in Buy territory. It has been a
Buy all but 2-days since 11 April.
VOLUME:
Buy. Volume has been more on the up-side
recently so this indicator switched to Buy today.
VIX: Buy.
Our VIX indicator turned to a Buy again today.
I’ll
summarize yesterday’s blog in one sentence, “If the VIX can’t get below 15 we’ll
see another correction.” VIX dropped
today and that’s good. We’ll just have to watch and see what happens in the
vicinity of 15, but mostly, I’ll watch the VIX indicator in the NTSM analysis.
SUMMARY:
The overall Navigate the Stock Market analysis is BUY today. (See the page How
to Use the NTSM System).
NTMS
switched to BUY on 20 April and I upped my stock investments from 30% to 50% as
a result. I will go 100% long in stocks
tomorrow.
