Wednesday, May 3, 2017

M6 Thursday Market Outlook....05.03.17

Following some sell on the news distributions today the odds are to the downside and both the momentum and mean reversion models are in STOPPED positions. AGG looks enticing but a vesting at this technical juncture is a leap of faith.  FB earnings come out after the close which may change the mood in the morning but expect selling into Friday's close as the French election is Sunday and Le Pen is surging in the polls with expected market consequences completely up in the air.