etfmsolutions: DOWN!!!!........1.2.14

Thursday, January 2, 2014

DOWN!!!!........1.2.14

There was no relief from the downdraft today in the face of increasing volume. We have now gone from extreme overbought from moderately oversold status in one day.
Note the position of the SPY TrendX in the right panel>>>>>>>>>>>

The bullish trend is clearly off the table for now as we wait for the next developments.

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

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