OTM Market Update – Following the Technical Model

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.

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