Riskdial steady @ +59. The SPY is very close to the red zone in Deviations and I expect a choppy market for the next few sessions, with some backing and filling. If even this does not dislodge the riskdial lower, we will have a spurt higher immediately after the shallow consolidation. The key level for this year remains 2864 SPX, as far as I am concerned.
The MAs on the Daily Model are now positive (triggered Thursday 18th April, as explained). The Weekly Model is likely to trigger long equities on the 2nd Friday of May.
A stock to look at today is: ROP (buy on all pullbacks).
We are in Daily Risk On, with 20% in equities and rest still invested in TLT.
Odds heavily favor the upside in equities.