Not
much change in the overall NTMS model.
VIX got worse. Other indicators improved. The market believes that the Debt ceiling
will be raised. While there was increased volatility Monday, we didn’t see a
huge breakdown in price. Apparently, the
market does not share my pessimistic (or perhaps I should say defensive?) view regarding the debt ceiling.
Yahoo
reported volume 10x higher than normal Monday, but I think that is an error
since the NYSE volume was right in line with norms. Over the past year I have noted several times
when the Yahoo volumes were wrong so this is not unprecedented.
NTSM
is HOLD today. Since we had a previous
Buy indicator we are holding long. (See the page “How to Use the NTSM System” –
the link is on the right side of this page).
I
remain 50% invested. That is my fully
invested position for the time being.
