The model score today was unchanged at -27.  Still just consolidation at higher levels, not acceptance of lower prices, according to the spreads.  After all, we are only just where we have been for 2 weeks, give or take 5 points.  I have looked at all the components again today and there were no changes at all. But this is still nowhere near enough to swing the score to positive, which is needed for a buy signal. That will take consistency of improvement and time.  The difference in Moving Average score on the daily model has improved only to -50 from -70 at its worst.  Hardly convincing.

Owners of IFF, KO & AIG 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.

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