Risk Model & Market
We are still working almost non-stop on the risk model. Since we are building a rules-based approach, it requires a lot of research. It is a long process, but we are very happy with the results so far.
Given the extended run by the market and dual 9-11 daily DeMark counts for the S&P 500, we will be watching things closely over the next three days. We may book some profits. We may do nothing - it depends on what we see. The $VIX is also working on a possible bullish engulfing pattern on the weekly chart - it’s only Tuesday, but it could be a short-term concern for stocks.
We continue to view any extended pullback as an opportunity to add to our holdings (given what we know today).
