The Bull minus Bear Indicator spread improved a lot today
– up from -4 to +9 on a preliminary, mid-day basis. The S&P 500 looks like it will close
above our line in the sand, the recent high at 5675, and Breadth was up across
the board.
I am adding to stock positions so that my stock positions
will make up 40 or 50% of the total portfolio. 50% is a fully-invested position
for me, although I am frequently invested at a higher stock percentage when
conditions look good. Now there are
enough questions that I will not go all in.
We could still see a retest of the low of 5521 (7-days
ago). Even moderate corrections can take
a long time to fully resolve. In 2018 we had a 10% correction that retested the
low over a month later. For now, there are enough positive signs to support being
fully-invested.
