“The Advance retail sales report released this morning shows that sales in December came in at 0.5% month-over-month. Today's number is well above the Briefing.com consensus forecast of 0.2%. The year-over-year change is 4.7%. The latest overall sales number undercuts recent rumors of soft holiday season sales.” Full story at…
http://advisorperspectives.com/dshort/updates/Retail-Sales-in-Review.php
EMPIRE STATE MANUFACTURING SURPRISES
TO THE DOWNSIDE (Doug Short Advisor Perspectives)
“The -8.1 was substantially below the Briefing.com consensus of 2.0.”Full story at…
http://advisorperspectives.com/dshort/commentaries/manufacturing-update-121217.php
MARKET RECAP
Tuesday the
S&P 500 finished UP 2-points (0.1%) to 1472 (rounded). VIX rose about 0.2% to 13.55.
NTSM
The NTSM analysis
remains BUY Tuesday. Price, Volume, and
VIX indicators are all positive.
Sentiment is neutral.
BULLS ON STAMPEDE
NTSM indicators
are up. Market internals point up. The Cyclical stocks are screaming up faster
than the S&P 500, so investors think there is ZERO chance of recession any
time soon. Just about every talking head
on CNBC is a BULL. Wow! Everything looks
positive, except the S&P 500 is only drifting up, held back by the Debt-Ceiling
and the Half-Cliff. (Only the tax side
was settled; we still have to worry about automatic spending cuts set to take
place 1 March.)
I am watching
sentiment climb higher. If sentiment gets
too bullish, I’ll get concerned.
MY INVESTED
POSITION
Based on a BUY
signal 7 of 9-days, and more importantly, consecutive closes above the prior
high of 1466, I moved into the stock market at 1471 on the S&P 500 on 14
January. I am currently invested in a
range of near 50% invested in stocks. 
