IBM was up 4.4% today; Microsoft was up 5.7%,
while Intel added 2.9%. All reported earnings yesterday after the bell. That really took the sting out of yesterday’s
Google disappointment. This helps distance
us from the European recession worries; we still must remain very concerned
over Default of the PIIGS. (Portugal, Italy, Ireland, Greece and Spain.)
Dalai Lama when asked what surprised him most
about humanity answered "Man,"
because he sacrifices his health in order to
make money. Then he sacrifices his money to recuperate his health, and then he
is so anxious about the future that he does not enjoy the present, the result
being he does not live in the present or the future. He lives as if he is never
going to die, and then dies having never lived. - I guess we better spend some of those stock-market earnings!
NTSM
UPDATE
Today
the NTSM remained HOLD, and that was again caused by market action that has
been straight up this month. Repeating
yesterday’s comment: I expect 2-months of strong bullish action after a
correction cycle completes, so with luck, we may manage a few more weeks of
strong positive results in the markets.
Bad
news might trump the technical analysis so we’ll have to keep our eyes on
Europe.
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 90% long in the trading portfolio. I decided
to let the trade ride longer because coming off the bottom last fall we could
have further to go.
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.
