Riskdial @ +15 today. Steady as she goes.

I still consider 2864 SPX as a swing level and funnily enough that is exactly where the middle line of Deviations comes in.  The Fed indicated an easing bias, which should make equity yields still attractive for a few months yet. The Deviations red line comes in @ SPX 297.1, just above all time highs and so do the monthly and weekly Bollinger Bands.  That is going to be the barrier for the next few days that is almost certain to hold or be retraced later.

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

We are still in Monthly, Weekly and Daily Risk Off, having exited the Counter Trend signal.

 

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