Monday, May 15, 2017

M6 Tuesday Forecasts......05.15.17

Despite all the economic and geopolitical risk factors that continue to fester the markets managed
to confound short sellers as SPY blasted through 240 and most of the indices registered new highs.
It was a low volume run up but the A/D line was strong and solid.  Now we await Turnaround Tuesday to see if we get a follow through or pullback.
Meanwhile our World model continues to bank better gains than the US market model and .....heads up......both models have STOP Alerts turning down thereby warranting caution (EWZ is stopped).