From Chief Investment Officer Tom Veale,
“It might seem odd that after a week like last week we’d see the SignalPoint Market Risk Indicator continue its decline. Yet the trading helped to bring down three of the MRI’s components and left the fourth unchanged.

In the meantime we have had a week of declines on essentially all the major US Domestic exchanges. Even so, the number of new 52 week Lows remains quite low. The Advance/Decline ratio was not as happy with more than two issues declining for each that rose last week.
Best regards,
Tom Veale
The SignalPoint Market Risk Indicator (MRI) declined one point to 35 this week while the MRI Oscillator remains at zero (indicating no upward or downward risk pressure).”