Riskdial worsened substantially to -27.  Today was a significant day.  The risk market is worsening by the day and we do not seem to have found firm support. The Deviations green area does not come in till SPY 278.2 and it is remarkable how it is contracting inward from both directions. Once the market breaks through the standard deviations and expands them, a powerful trend will emerge. But that will take several more days now.

A stock to look at today is: SO (buy on all indicated pullbacks).

We are in Daily & Monthly Risk On, with 40% in equities and rest still invested in TLT. Which seems strangely appropriate in this trendless & nervous environment.

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