Riskdial @ -29, down about 10 with the mighty fall in the market. Expected worse.
The Deviations green line comes in at 277.5 which is about 2% lower than today’s close. That should prove an excellent buying opportunity in the short term at least.
A stock to look at today is: BLL (buy on all indicated pullbacks). There are approximately 40 stocks in S&P 500 with a perfect trend score.
We are in Daily, Weekly & Monthly Risk On.
For those wondering, the monthly signal will flip to risk off if the risk dial ends August at -10 or lower.
On the weekly, if we stay at today’s value (-28), it would also exit on Aug 30.
On the daily, if we stay at -28, it would exit on Aug 15.
Obviously we won’t stay at exactly -28 all month, but that gives some idea of time frame.
Thanks!