Wednesday, April 26, 2017

M6 Market Outlook...04.26.17

After two days of one of the greatest short covering rallies in years and a tepid response to Trump's tax plan the markets sold off into the close leaving us with a bearish bias for the rest of the week.
The M6 momentum model has QQQ in a stopped position and the mean reversion model is favoring the low volatility composite bond ETF AGG as the best odds for tomorrow.