The Spread of 50 Indicators improved to +9 from +5 around mid-day. There are now only 5 bear signals in my system. The catch is that the S&P 500 is 10.8% above its 200-dMA. 12% is sell in my system, although I don't act on one signal. That suggests the odds of making a strong gain with new money at this point are not great. Risks don't seem to outpace rewards. Given that concern, I have decided not to add to stock holdings at this point. I remain fully invested and I am Bullish. Bottom line: Why take the added risk? I decided not to.
