The bond model remains neutral, and the gold model remains bearish.
The super long term perspective for the stock market remains bearish.
The long-term model (a six month perspective) remains neutral, and the short term model (a one month perspective) remains bearish.
The directional component of the daily model is slightly bullish today. However the risk component is excessively high considering the modest level of daily model bullishness. We will stay on the sidelines today and wait for a better risk to opportunity ratio before risking capital again.
Thanks for calling, and I’ll speak with you again in 24 hours.