Riskdial down dramatically @ -31. A true 13th date move. And we still have Friday 17th this week too… I checked the components and all the defensive sectors are up against the risk sectors, while bonds/equities have crossed all relevant MAs, so a true risk off move. The market plunged under 2864 SPX and people have reacted. As I said: “But below 2864…different story.” The Deviations green area does not come in till SPY 274.40, so market has still 2-3% to fall.
A stock to look at today is: ETR (buy on all indicated pullbacks).
We are in Daily & Monthly Risk On, with 40% in equities and rest still invested in TLT.
The market is now in a state of flux and a trend will only appear from lower levels.