“The indicator for overall activity remained slightly positive this month, but other broad indicators were mixed. Indicators for new orders and employment were weaker this month. The survey's broad indicators of future activity suggest that firms expect continued growth, but optimism waned compared with last month.”
Story at: http://www.businessinsider.com/philadelphia-fed-manufacturing-april-2013-4#ixzz2QpIc7ieX
Full story at... http://www.denverpost.com/breakingnews/ci_23051922/us-unemployment-aid-applications-rise-352k#ixzz2QpKkcXO5
That’s a curious spin; a slight rise is good news?
Thursday, the S&P 500 was down 0.7% to 1542 (rounded). VIX rose 5% to 17.36.
MY INVESTED POSITION
I remain about 20% invested in stocks as of 5 March (S&P 500 -1540). My reasoning may be found at…
…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%!)