Monday, December 12, 2016

M11 Market Updated Signals....12.12.16

Waiting on the FOMC and the markets revealed a few cracks today...most notable in the transports and the Russell.  Now historically this is the time of year when the Russell really roars but that may not happen after the recent moonshot pattern of the IWM....which has been parabolic.
Anyhow we had a pause in momentum today.
Here are the current M11 signals...note that the 2 Day stop Alert has not fired on the Momentum model but we were sucker punched on the M11 picks for today.
(Yes we have a new template after some BS "contention" that I owed royalties to a business card company for using their (heavily-edited) non-copyrighted picture...enough said)