The model score today was unsurprisingly unchanged at -9. Although we have reached the 2812 level that is so important and traded back some. We are very near to an important turning point. Either we turn back from here or 2861 or we are going to embark on a long leg higher, through ATHs and into mid- 3,000s. The longer the market maintains its upward bias the more likely is that the real surprise will be the upside. But one thing at the time. Let us first see a series of positive scores, which has not been the case since early October 2018.
Owners of ABC & CI should check to see if this security is still needed in their portfolio, as the picture is rapidly deteriorating in those names.
We are still in full Risk Off, invested in TLT.
We are very near to a big impulsion moment, either up or down. Maximum protection of portfolio time via options.