Saturday, April 29, 2017

M6 Monday Market Outlook...04.29.17

First of the month approaches, which is bullish about 78% f the time. Govt. shutdown has been averted for a week, Le Pen odds look low (famous last words) while Kim-Jong-un is still mulling his odds. Trader's Outlook is bullish...but volatile.
M6 has a unique perspective on Monday's odds with both the momentum and mean reversion models pointing to market bullish positions...either SPY or QQQ. Last week's end of week AGG pick returned very modest green but turned out to be a safe and sane strategy in an otherwise risky milieu.