Still too busy….

 

…to do a full post, but what’s to add? Markets keep powering higher.

 

QUICK MARKET SUMMARY

-Tuesday the S&P 500 rose about 1.2% to 6886.

-VIX declined about 4% to 18.36.

-The yield on the 10-year Treasury declined to 4.244% (compared to about this time prior market day).

 

CURRENT SUMMARY OF APPROXIMATELY 50 INDICATORS:

At the close today, of the 50-Indicators I track, 4 gave Bear-signs and 21 were Bullish. The rest are neutral. (It is normal to have a lot of neutral indicators since many of the indicators are top or bottom indicators that will signal only at extremes.)

The daily, bull-bear spread of 50-indicators remained +17 (17 more Bull indicators than Bear indicators), a BULLISH indication. I consider +5 to -5 the neutral zone. The 10-dMA curve of the spread (purple on the chart above) that smooths daily fluctuations continued higher, a BULLISH sign that is more important than the daily numbers.

 

Very bullish indicators. I am not trading, cause I am too occupied, but I am already fully invested.

 

Today’s new bearish indicators are associated with overbought conditions; a retreat is overdue, but not a big downturn - more likely a day or two to reset.