The model score today improved strongly to -28. A very dovish Fed has helped the market and the score is likely to improve again in the next few days. What is interesting though is that I would have expected even more improvement today.  But we are on the cusp of a large move either way. Which way it will break, today has made the upside favored. If we now go positive, the moving averages will likely signal a quite long period of market recovery, measured in many months, possibly throughout the summer.

Owners of BEN & JNPR should check to see if these securities are still needed in their portfolio, as the picture is rapidly deteriorating in those names.

We are still in full Risk Off, invested in TLT.

We are very near to a big impulsion moment, either up or down.  My own expectation is for further upside in next 1-2 weeks followed by a prolonged consolidation and then a big move.