As we struggle to find some traction in the current market milieu I looked back at the MO2 Pairs module for some possible guidance. The defaults are set to a maximum hold time of 12 days.
Here are the results of today's midday run of SPY / SH.
The model is currently OUT/OUT.. meaning cash but the longer term results reinforce our contention that the markets are and have been in a state of churn.
Once MO2 gives a new signal that may provide a higher odds threshold for new positions.
I'll add a morning update of MO2 SPY/SH pair to the new AM signal on the M3 login page starting tomorrow just to add another technical viewpoint of market dynamics..