Sentiment is currently issuing a hold signal,
but it is creeping upward.
The 5-day, %-bulls indicator is 0.59%.
That indicator would switch to sell at 67%. We were as high as 62% back on
the 6th of January, so just because it is moving up doesn’t mean it
will continue up.
Volume has dropped to a hold since more
volume has been flowing to the sell side recently.
On the positive side of the ledger, Price
action has been more to the upside recently and the VIX continues to fall.
So overall we have a mixed bag; but
the Navigate the Stock Market analysis remains BUY.
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).
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.
