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(3) Buy/Sell signals for major market turns.
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Monday, April 25, 2011
Cautiously optimistic on stocks
The NTSM system dropped to Neutral (Hold) on
the slight down-day today, mostly because the VIX indicator came down some to
neutral.Other indicators went up so it
was a mixed bag. It is not unusual for
the NTSM analysis to drop to a neutral after a Buy recommendation so we shouldn’t
read anything too negative into today’s market.
We started this period of confused market
action on 22 Feb with the S&P 500 about 15% above its 200-day moving
average. As of today’s close, we are 10% above the 200-dMA so this sideways market-action
has helped clear the air some.
I continue to worry that we’re not getting
away from the 1330-1350 area and that puts us at risk for another retreat. With
that in mind, and the Buy signal we had on 20 April, I remain 50% invested in
stocks.