Riskdial @ -24, down with the market. But better than I would have thought.
The market has broken below the Deviations centre line at 295 and the green area comes in at 283.50. Given that this is also where the x16 Blue Angel comes in, it is well worth a buy, for a trade, first time around down there. None of the Counter-trend models are reacting yet, so it is difficult to have any confidence in sizeable longs until the market enters the green area in Deviations.
A stock to look at today is: AVB (buy on all indicated pullbacks). There are only approximately 25 stocks in the S&P 500 with a perfect trend score today.
We are in Risk OFF. After the last 2 days, it is increasingly unlikely that we get a risk ON switch in the model this week.