The market broke below the rising wedge and then came back to test it. The lower edge of the wedge is now acting like resistance. At this point, it is more likely to break lower than higher. I am still mostly sitting on the sideline. I am only using 10% of my account for some day trading, but nothing special. The strategy I have been testing the last few months continues to work. I am now paper testing it with only S&P 500 stocks to see if there is a material difference in the outcome. The return is good, but without proper scale it is limited in what it can do. So far, it appears to be working with only S&P 500 stocks. Time will tell. I would like to go back to swing trading after the market has a healthy pullback. The market is still difficult to trust at the moment and I am content to only be in a few hours a day.
The Capitalized NH has been trending downward, but the Monthly NHNL is still bullish. The capitalized version is currently the more important of the two.
The rolling 52 week high is still above 1000. In short, the signals are still mixed.
