Riskdial stable @ +54. When the dial is stable at higher levels and does not back off with small variations in equity prices, it tends to mean that the internals are merely resting and catching their breath for the next move higher. The riskdial has not looked back since the market vaulted over 2864. SPY is very close to the x2 Standard Deviation point which tends to provoke a short term setback, but that is likely to be a buying opportunity overall. The MAs are now within only 3 points of each other (you can see this in the data box below the Daily Model) and the lower is pointed upwards. A cross will happen on Thursday, unless something changes dramatically, giving us Daily Risk On (20% allocation).
A stock to look at today is: QCOM (buy on all pullbacks).
We are still in Risk Off, invested in TLT.