As of 11 AM today’s Internals look good. I think the S&P 500 will make it back to the prior high of 1848. From there it’s possible that the S&P 500 could reverse down and if the NTSM system flashes sell, I would be whipsawed out. I’ll just have to follow the indicators and see. To be clear, none of the NTSM long-term indicators of Sentiment, Price, Volume and VIX have indicated Buy, but they have all improved since the low on 3 February and are all Hold. I am making this move on the short-term indicator based on the Market Internals.
Bottom line, I sat out much of 2013. I have decided to get back in slowly.