THE MARKET
The S&P 500 dropped
0.3% Tuesday to 1413, mostly at the end of the day – that’s selling by the
so-called “smart money.” VIX was up 9%
to 15.6.
The S&P 500 was
12% above its 200 day moving average yesterday.
That’s up there. Today it fell to
11.7%. I’ve suggested that 15% might be
the highest it would go, but there is no hard and fast rule. My guess is that it could go higher, but who
knows? There is a lot of negative news
out there. I am keeping a close eye on
the NTSM analysis.
NTSM
The NTSM analysis remained
BUY Tuesday, but most of the indicators fell enough so that it wouldn’t take
much to send it back to hold.
MY INVESTED POSITION
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).
