Still unchanged today at +19. Market doing nothing ahead of NFP. As I have said for over a week: “the most probable course of action now (we always have to play the percentages) is a retracement off 2864 which lasts some time and allows the moving averages to catch up and then cross, giving a buy signal for risk. If the daily model scores improve more, despite temporary market weakness to say, only 2775 or so, that will be almost assured.” It seems to be happening. Although it will certainly be quite volatile, we are slowly moving to risk on and probably new all time highs. The MAs are now within 18 points of each other (you can see this in the data box below the Daily Model) and the lower is pointed upwards. A cross is about a week or two away, unless something changes dramatically.
The market is quite close to the x2 standard deviation line in the “Deviations Tab” (SPY 289.00). Please look where it comes in on any given day, as the market very rarely can sustain a move into the red zone. That is what they are there for: for you to time increases/decreases in short term risk.
The most improved stock today: DISCA
We are still in Risk Off, invested in TLT.
We are now very near to a big impulsion moment, either up or down. Odds are beginning to favor the upside.