Monday, March 14, 2016

M11 Market Status...03.14.16

Here's the M11 Market status as of Friday's close looking at both the momentum and mean reversion modes.The 5 day metrics reveal that the momentum mode is weak relative to SPY whereas the mean reversion mode is outperforming SPY, at least short term.
Friday's mean reversion signal did pan out well in today's modest pullback and we'll just have to wait and see whether the short equity side (via bonds) will be sustained as SPY struggles to break through strong overhead resistance at 202.  Volume is VERY LOW today.
This weekend I did post various iterations of the M3 oil/gas model on INSIGHT.