I had hoped we might see a clear Buy signal today (Wednesday) and it
is still possible, but currently advancing–volume is only 61% (as of 1045 AM). It would take an 80% or better reading to
convince me that it was time to increase stock holdings in a meaningful
way.
There is still a Bear market warning signal comprised of
a huge down-volume day just 3-days ago.
Without a meaningful reversal, caution is my plan. (I have detailed over-arching,
bear-signals several times that set the stage for a cautious stance, most
recently on 14 December.)
Internals are turning up, so it is always possible to
trade the upside with the trading portfolio, but I would move out quickly if
the markets turn down. At this point, I am on the sidelines. My trading
portfolio is about 10% of the total portfolio and I work hard to limit losses
there.
