"...Ryan Detrick, sr. technical strategist at Schaeffer's Investment Research is looking for another 15% this year and is taking comfort in the strength of small caps. "The small cap leadership is a good sign," Detrick says of their new high and 10-year outperformance. "That's an indicator that potentially sometime later this year, blue chips and the Dow Jones very well might also breakout to new highs." Story at...
http://finance.yahoo.com/blogs/breakout/talking-technicals-path-1-650-p-500-130532830.html
MARKET RECAP
Friday, late day
buying pushed the S&P 500 up 0.3% to 1486 (rounded). VIX fell an astonishing amount, more than 9%,
to 12.34 as of 4pm. The surprising aspect
is that the VIX fell so much with relatively little movement in the markets.
“No fear,” says
the VIX. I think a falling is good for
the bulls. Prior to 2008 I think the VIX fell all the way below 10, so it can
keep going down, in spite of what the experts say.
NTSM
The NTSM analysis
remained HOLD Friday.
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. 
