The S&P 500 went up today but the OTM technical model is simply at a short term BUY but medium and long term SELL — overall, still out of the market. Separately the asset model is recommending a 10% equity allocation.
I took the occasion today with a 2.4% rise in the market to cut our equity position by 50%. I am not convinced at all about the quality of this market. The technical model said get out, and I am now down to 25% equity position in the market, remaining diversified but largely in fixed instruments.
I am prepared for the future, sleeping at night and prepared to profit as the market moves.