NTMS
switched to SELL on 22 February at S&P 500 = 1315. Since then, NTMS analysis has been Sell or
Hold (it remained Hold today); therefore, I am still conservatively positioned
with only 30% invested in stocks. I am
2xshort with 50% of my trading portfolio using QID and the Inverse Rydex
2xNazdaq fund.
NAVIGATE THE STOCK MARKET FOCUSES ON: (1) Daily momentum analysis of the DOW 30 stocks and 15 ETFs across various market sectors. (2) Stock Market commentary and analysis. (3) Buy/Sell signals for major market turns. (((The blog is for information only. You assume all risk of its use; we don’t warrant the accuracy of our content. You must do your own due diligence.)))
Friday, April 15, 2011
No change in the Navigate the Stock Market analysis
Initial Jobless Claims rose
to 412,000, the market expected 385,000. Consumer prices had their biggest jump
since the summer of 2009; they rose 0.5%. Core CPI (x-energy and food) was OK. I
paid $3.799 for a gallon of gas today. Ouch!
Inexplicably, consumer confidence rose. The S&P 500 was up
0.4%. Given the news, I’d say that was
pretty good.