The
VIX indicator dropped to neutral. That’s
good.
No
change to the NTSM status; still a hold.
I am concerned about lack of breadth and the overall upward trend in VIX.
It
looks like the current trend in the S&P 500 is down based on a review of the charts and statistically significant days. With a down trend in place I may sell over Debt negotiation concerns. I'll probably wait a little longer though, to see what happens.
Are our politicians
incompetent enough to crash the markets over debt reductions?
I
remain 50% invested. That is my fully
invested position for the time being.
