Wednesday, October 8, 2014

FOMC Speaks...Market Reacts...10.8.14

A boomerang day after the market dropped sharply at the open then rallied like a runner on steroids right into the close.  Tomorrow we'll get a better perspective on how much of today's pop was short covering protection.
I'm working on the final integration of the Beta and M3 models to produce a new version of M3 that will be a true Long/Short model...without ever having to actually assume a short position. The new M3 will be both simpler and more sophisticated than the previous version.
Here's today's closing view of the main panel>>>>>