NEW YORK (MarketWatch) — “U.S.
stocks mainly rose Thursday after the government said jobless claims dipped
last week, signaling companies could pick up the pace of hiring in May. But, a
disappointing outlook from Cisco Systems Inc. weighed on the technology
sector….The Labor Department reported weekly applications for unemployment
benefits fell by 1,000 to 367,000 last week.”
Full story at:
Jobless claims dropped
less than 3-tenths of one percent. I’m
not even sure that’s good news.
MARKET
The S&P 500 was UP
0.25% Thursday to 1358. VIX fell 6% to 18.83.
The VIX is still above its
trend line and that contributed to the VIX sell signal yesterday. The 3-month chart of the S&P 500 (below) shows
the old trend lines in Blue and the current trend line in Red.
It shows the S&P 500
broke its lower trend line several days ago.
Until proven otherwise, the trend is down. How far down remains at issue.
NTSM
The NTSM analysis moved
back to HOLD today, Thursday as the VIX dropped and pulled the VIX indicator
back to hold. That shifted the entire
analysis to HOLD. The Volume indicator
is still sell.
MY INVESTED POSITION
I reduced my stock
holdings to 30% in the long-term portfolio on the SELL signal on 9 May 2012.
(See the page “How to Use the NTSM System” – the link is on the right side of
this page).
With 30% remaining in stocks, I will make some money if the sell signal is wrong. Conversely, even if the market loses half its value, I would only be down 15% of the portfolio.
