Summary: All moving averages of the Long-Cash Ratio are now positive. The slopes of the averages are also positive. The Cumulative Tick has moved above it's longest moving average. Not a perfect set of signals, but good enough to remove all money management governors. Backtesting suggests that this signal will fail, but we don't live in the past. "To the moon ..."
For those of you who follow my ramblings, I'm simply going to post the next two charts as justification as a change in my position from yesterday. Contact me via the comments section if you have questions. Effectively, everything that was giving me pause yesterday has cleared itself.
NOTE that backtesting shows that this type of setup of signals is prone to failure. That fact has not changed -- that is simply the setup. How we got here is weak when we considered past "like" events, so, caution is advised.
I'll cancel any open orders if the white Cumulative Tick line above drops below the red Cumulative Tick average.
I'm going to start getting back into the market with my ETF portfolios. The two that appear to be performing well are my Leveraged SP500 and SPDR portfolios. Allocations are as follows: