Navigate the Stock Market is still a hold

No change today; still a Hold.  I doubt that I would be quick to sell even if the NTSM system had switched to sell.  The reported earnings have been pretty good and the bottom channel, trend-line looks like it is around 1325.   

The S&P 500 is now 9% above its 200-day moving average so one statistic that I worry about is getting better.  We may also see some increased short selling today so the sentiment numbers may get better too.  I won’t get that data until later tonight.

I expect that we will start moving up in the next day or two.

I remain 100% long in stocks. (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.