The
S&P 500 was up nearly 1% to 1240; VIX(S&P) pulled back 9% on Thursday.
We
bounced from the bottom trend line and that’s a good too. Had we broken down convincingly, things could
have gotten bad in a hurry. As it turned
out, the market looks OK; not great, but
OK.
If
the VIX can pull back some, I’ll be a lot more optimistic.
The
Navigate the Stock Market analysis is HOLD today.
I bought back into the stock market at S&P
500, 1155 on 7 Oct after the 6 Oct NTSM buy signal. I remain 100% long in the long term portfolio
(100% stocks in the 401k.). (See the page “How to Use the NTSM System” – the
link is on the right side of this page).
I
am 75% long in the trading portfolio.
Just
a reminder: 100% invested in stocks is way too much for most rational
folks. Don’t do it unless you have a
high tolerance for risk. Bad news in
Europe could send the markets down in a hurry.
