Riskdial solid @ +57.  Nothing really to add to yesterday: “When the dial is stable at higher levels and does not back off with small variations in equity prices and then jumps with price, it tends to mean that the internals were merely resting and catching their breath for the next move higher and then confirm the move up by improving.  The riskdial has not looked back since the market vaulted over 2864.”  SPY has backed off slightly from the red area in Deviations, as it should.  Please look at Deviations tab each day. SPY (as a broad index) tends to respect it very well.  More consolidation – backing and filling – would be healthy. It will correct either through price or time.

The MAs on the Daily Model are now positive (triggered Thursday 18th April, as explained).  The Weekly Model is likely to trigger long equities in 2 weeks’ time.

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

We are in Daily Risk On, with 20% in equities and rest still invested in TLT.

Odds heavily favor the upside in equities longer term.

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