Riskdial worsened slightly to +51.  Nothing special, but the SPX finally cracked the Daily 10 ema which has held it all March, presaging a period of 2-3% weakness as is usual in May. I still consider 2864 as the swing level of 2019.

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

We are in Daily & Monthly Risk On, with 40% in equities and rest still invested in TLT.

Odds heavily favor the upside in equities after some healthy backing and filling.

 

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