Wednesday, May 10, 2017

M6 Market Outlook for Thursday....-5.10.17

The M6 Market model is signalling vested positions for QQQ in momentum and AGG in mean reversion, basically leaving us with a net neutral outlook.  As the US equity markets continue to frequently confound technical analysis I'm looking for alternate investment venues and in that light here's a look at a variation of the old World model, featuring just 6 ETFs the World covers the the SPY, the European largest 900 companies (EFA), global emerging markets (EEM), Russia (RSX), Brazil (EWZ) and China's nifty fifty (FXI). We're still playing with relative beta to establish appropriate limit stops but for now we're just using a 1% across the board baseline.