etfmsolutions: Trend Continues.....8.17.13

Sunday, August 17, 2014

Trend Continues.....8.17.13

Looking at the end of day results you can't appreciate the complete reversal the market made throughout Friday's session with a couple false starts along the way. For a while all the indices were deep in the red with prospects looking grim. Then, mid afternoon buying took over and we ended in the green. XIV was really on a roller coaster ride but ended up a few pennies. The Qs continue to lead the indices in momentum.
Monday's following OPEX are frequently negative as the premium pump from last weeks expiration translate into distribution selling, but that forecast is more anecdotal than a statistical probability.
For now we in a holding pattern and looking for a range breakout one way or the other.
I'll be on the road Monday-Wednesday next week so postings may be limited although the SPY/UPRO study will be posted Monday.
There will be NO 12:45 M3 updates Monday-Wednesday.
M3 is going through some testing at a large hedge fund next week and any new refinements will be incorporated into the model before being formally offered for subscription.

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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