From CNN/Money: “Experts are forecasting fourth-quarter earnings
growth for S&P 500 companies to have sharply slowed, creeping up between
just 7% and 8% from a year earlier, according to analysts at S&P Capital
IQ, as well as rival earnings tracker Thomson Reuters. …”
(as I pointed out yesterday)…”another concerning sign: of the 26
S&P 500 companies that have already delivered fourth-quarter results, only
50% have managed to top expectations, which is significantly lower than normal.
For the four prior quarters, around 70% of the S&P 500 companies reported
earnings above forecasts.” – Full story at
The
S&P 500 was up nearly 1% to 1292 today.
VIX fell nearly 2% to 20.7.
The
NTSM analysis remains HOLD today as volume has slipped some toward the sell
side. Today’s up move helped, but not
enough to get back to a buy.
I
bought back into the stock market at S&P 500, 1155 on 7 Oct after the 6 Oct
NTSM buy signal. I remain 100% long in
the long term portfolio (100% stocks in the 401k.). (See the page “How to Use
the NTSM System” – the link is on the right side of this page).
I
am 90% long in the trading portfolio.
Just
a reminder: 100% invested in stocks is way too much for most rational
folks. Don’t do it unless you have a
high tolerance for risk.
