etfmsolutions: T2 Update + QQQ/SH

Tuesday, November 6, 2012

T2 Update + QQQ/SH - Part ll...11.6.12

No changes for today and no new Alerts. All eyes are on the election although impacts for the market should be focused on sectors such as health care and energy, depending on the results.
The January fiscal cliff still looms...the current 800 pound gorilla in your portfolio.
The Rankings are still skewed to bonds as QQQ continues to under perform.

Below is the Market Rewind spin on the QQQ/SH pair mentioned yesterday. This is keeping with our stated objective to develop a small basket of high probability pair trades that can be used in conjunction with the Alert setups and the underlying Top 2 equity curve to generate a low risk revenue stream.

The signal went short QQQ this morning, but given the dangers of today's very low volume and the likely of a major move tomorrow following 2 narrow range days (not saying which way) this trade is best left as something to watch.

Commentary and Updates

Mosaic Solutions commentary is typically published daily as time permits and market action warrants.
Posts feature Mosaic model updates including delta neutral stops, VIXEN directional trades and PONZO forecasts.

NOTE: Posted risk exposure indicators, signals and metrics apply to Mosaic models only. They are not directly correlated with price movement in the major market indices and can not be used to forecast directional changes in those instruments.
Each Mosaic model is a unique blend of risk factors and must be treated accordingly.

TRENDX is a proprietary Mosaic market signal that blends volume, RSI, momentum and rate of change.

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