“The initial claims level increased to 326,000 for the week ending March 29 from…310,000…for the week ending March 22…We would not be surprised, given the strength of the claims data in March, if payrolls top 200,000 for the first time since November 2013.” Story at…
"Growth in the U.S. services sector accelerated in March, an industry report showed on Thursday, though the pace of employment slackened for a third straight month to its slowest in a year…"Hiring remained disappointingly subdued, suggesting firms are reluctant to expand capacity until they see firm evidence of stronger demand feeding through to their businesses," said Chris Williamson, chief economist at Markit.” Story at…http://www.reuters.com/article/2014/04/03/us-usa-economy-pmi-markit-idUSBREA3215J20140403
This is not good news for the US markets. The headline says it all so I’ll just link the article here:
"Jakobsen, the chief economist and chief investment officer at Saxo Bank, warned the index was just points away from the key 1,900 level, which could herald a 30 percent correction. This would see the S&P tumble to 1,330.” Story and video at…
Mr. Bauer presented a chart that showed in the last 2-months 4-more Dow companies have turned bearish bringing the total to 9-Dow companies he rates as bearish. In August 2013 there was only 1-bearish company.
Market Internals are a decent trend-following analysis of current market action, but should not be used alone for short term trading. They are usually right, but they are often late. They are most useful when they diverge from the Index. In 2013, using these internals alone would have made a 16% return vs. 30% for the S&P 500 (in on Positive out on Negative – no shorting). Of course, few trend-following systems will do well in an extreme low-volatility, straight-up year like 2013.
I increased my stock allocation to 50% invested in stocks on 26 March because of the NTSM indicators turned positive Monday (24 Mar) at the close. Further the 5-10-20 Timer was positive along with market internals on 26 March as they are today, 28 March. 50% is fully invested for me at this time.