Too Busy

 

…to do a full post, but what’s to add from last week?

 

QUICK MARKET SUMMARY

-Monday the S&P 500 rose about 1% to 6886.

-VIX declined about 0.6% to 19.12.

-The yield on the 10-year Treasury declined to 4.285% (compared to about this time prior market day).

 

CURRENT SUMMARY OF APPROXIMATELY 50 INDICATORS:

At the close today, of the 50-Indicators I track, 3 gave Bear-signs and 20 were Bullish. The rest are neutral. (It is normal to have a lot of neutral indicators since many of the indicators are top or bottom indicators that will signal only at extremes.)

The daily, bull-bear spread of 50-indicators declined from +18 to +17 (17 more Bull indicators than Bear indicators), a BULLISH indication. I consider +5 to -5 the neutral zone. The 10-dMA curve of the spread (purple on the chart above) that smooths daily fluctuations continued higher, a BULLISH sign that is more important than the daily numbers.

 

Very bullish indicators. I am not trading cause I am too occupied, but I am already fully invested.