It’s been a busy day so I’ll just do a quick update...
No change from yesterday: On Thursday, of the 50-Indicators I track, 11 gave Bear-signs and 9 were Bullish. The rest are neutral.
The daily, bull-bear spread of 50-indicators remained Neutral, at -2 (2 more Bear indicators than Bull indicators). The 10-dMA of the spread improved again – a bullish sign.
I don’t see a bottom yet, although as we noted before
there have been weak bottom signals. Still, I’ll be on Hold until the S&P
500 closes above 5675 or I see a clear bottom signal.
