Wednesday, March 2, 2016

Crisis Averted?...03.02.16

Well, maybe...Today was a nice follow through to Tuesday's big jump but those closing bars looked a lot like short covering moves.  Only time will tell.  In the meantime the M6 market spectrum model continues to chug along in both the momentum and mean reversion modes., suggesting that we may be approaching a period of technical "normalcy" when trending models such as M6 tend to do very well. There's still a lot of air between current (overbought) levels and previous highs and the fear of being left behind is never a good reason for vesting money but the current signs are encouraging.