Wednesday, February 1, 2017

M6 Market Outlook...02.01.17

Tech saved the day from an otherwise wave of red although volume was subdued.
Apple surged probably due to Samsung's delivery problems. A lot of short covering in evidence.
AMD and FB also joined the party and for now a marginal bullish skew remains in place.
The FED did nothing today to no one's surprise and bonds took a hit, largely reversing yesterday's gains (keeping in mind most bonds went monthly ex-div today).
Here are the current M6 market signals in momentum and mean reversion modes.
This is a new model in development using the probability ALERT as an active signal filter.
The biggest effects of the filter are the increased success of the win/loss ratio and the net return %.