We had a low volume
day today on the S&P 500 with about 15% less volume than we’ve had over the
last month. This doesn’t really tell us
much though. Low volume is normal after
a bottom, because traders don’t know if we’ve really bottomed and are
cautions. Also, low volume could mean there
is little interest in buying so the brief rally we’ve had in the past 2-days may
not be sustained. As always, we’ll have to
wait and see.
“Is
the glass half full, or half empty?
It depends on whether you're pouring, or drinking.” – Bill Cosby
It depends on whether you're pouring, or drinking.” – Bill Cosby
The Navigate the Stock
Market analysis is a HOLD again today. The Navigate the
Stock Market analysis switched to BUY on 20 April and has been Hold or Buy
since then.
I
remain 100% long in stocks in the Long-term portfolio and I 75% long in the
trading portfolio. (See the page How to Use the NTSM System). That is way too aggressive for most people
and I don’t recommend it unless you have a high tolerance for risk.
