Riskdial worsened substantially to -42, again.  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 278.17 and the lower boundary is 273.8. That means that somewhere in there will be a good temporary (at least) low. Buying call spreads between those levels will have a very high probability of profitability.  But once the market breaks through the standard deviations and expands them, a powerful trend could emerge. That will take several more days and a bounce from the green area is a very high probability event.

A stock to look at today is: TRV (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.