Monday, December 24, 2012
MO2 View... 12.24.12
MO2 has a live data feed and here's a look at today's QQQ/SH signal...also the focus of our VTV model, but obviously using an entirely different set of metrics to analyze the trade potential. We're into the QQQ short trade 7 days now and with a predicted optimal excursion of 9 days, it's getting close to exit time.
This optimal time window ("N- Days") is critical and the failure of the trades ending on 08/30 and 12/05 can be traced directly to dallying too long and not cutting the trade off after 9 days.
As far as the near term picture for the markets...we have the last day of the month bullish potential fast approaching versus the realization that we may go over the the fiscal cliff. If there is ANY remedy to the crisis its likely to be stop gap and not far ranging or long term....so the markets will likely continue to climb the wall of worry.
We continue to be in a cautious mood and today's action where QQQ and TLT are both in the red reflects the ongoing technical confusion in the markets