Riskdial @ -4, up 8 with the market. This constant movement either side of neutral basically says not to chase. Whatever trend there is, it is weak and vulnerable to quick reversals. It is a low volatility environment and sell puts rather than own outright for now.
The market is still above the Deviations centre line at 295 and bounced very nicely when it got to it. Only a break of this area will signify more weakness. But everything is trendless and will not go far.
A stock to look at today is: JEC (buy on all indicated pullbacks). There are approximately 70 stocks in the S&P 500 with a perfect trend score and all fairly close to, or making new all time highs.
We are in Risk OFF. But the Daily model is fast approaching a switch to Risk On, still.