China's flash HSBC PMI fell to a two-month low of 50.5 in April from 51.6 in March…"It's a big miss. Confidence in the outlook for China has really diminished, particularly after first quarter growth data," said Tim Condon, head of research for Asia at ING. "People are now reforming their views on economy. The new view is that growth will be stagnant," he added.” Full story at…
Tuesday, the S&P 500 was up 1% to 1579 (rounded). VIX fell about 6% to 13.50.
…but now I have confirmation from the NTSM analysis which sold at 1575 on 16 April. (This is just another reminder that I should follow the NTSM analysis and not act emotionally – I am under-performing my own system by about 2%!)