The model score today worsened to -37. Still just consolidation at higher levels, not acceptance of lower prices, according to the spreads. After all, we are only just where we closed last Friday. I have looked at all the components again today and only one did worsen today. Not an avalanche of disappointment. 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.
Owners of TWTR, BIIB & SNA should check to see if these securities are 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.