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Daily Commentary
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The Madison score on the S&P 500 climbs back towards 0 while the NASDAQ indexes hold strong. The Madison Market Timing Indicator is back to a buy from cash. We went to a buy on June 30th at 927.15.
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The Madison score on the S&P 500 is above 0 as are the NASDAQ indexes and the S&P 100 and Russell 1000. We are moving ...
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Today's weakness does not overly concern us and the potential upside should start soon
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As we enter the shortened trading week, the NASDAQ indexes have Madison scores above 0 but the other indexes remain below 0. The VIX continues to drop below -20 but Trend scores need to continue falling if a buy is going to be picked up on the VIX. Remaining in cash seems to be a good idea for now.
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