Thursday, April 21, 2016

Market Odds Outlook.....04.21.16

Here's tonight's M11 odds outlook for the market using the momentum and mean reversion modes.
SH is slowly migrating from the right side of the ranking matrix to a more dominant position.
After the market closed SBUX and MSFT announced weak earnings and both stocks are down heavily in the after markets..  Expect negative momentum to prevail tomorrow as the selling in Apple continues to warn off positions at these levels. Historically Apple moves about 8 points up or down on earnings day and with Apple comprising 20+% of the Qs the 25th could be particularly volatile.