Monday, March 9, 2015

Rally, kinda....03.09.15

We saw the recovery bounce we were expecting although volume was very low and the closing trend was actually downslope...which is keeping with the SPY TrendX momentum (right side panel).  Earnings are still being reported and digested and the odds for a volatility pop are strong.
The MO2 pairs signal was dead on for today and keep in mind the model has a 12 day fixed time stop...or sooner if we drop >.7%.  M3 and LM are in cash.
Chart courtesy of FreeStockCharts.com