Monday, November 4, 2013

X Sector Update...11.4.13

The X Sector model has been getting whipsawed in and out of cash as the equity line has basically flat lined for the past 2 weeks.
Today's action was like watching paint dry but at the end of the day we saw some evidence of positive momentum.  The X Sector short term ALERT is also suggesting more upside for the model momentum leaders but there are a number of counter factors that may sidetrack that movement.
With earnings in and the govt. stalemate at least temporarily resolved its unclear what the next catalyst will be that drives the markets up or down.
Expect a big move soon.