Monday, July 27, 2015

Slide Continues....07.27.15

A whopping overnight 8.5% drop in the Shanghai market spilled over into today's action. The encouraging factor was SPY didn't fall further, but instead waffled between the S1 and S2 pivots....ultimately closing close to S1...but on divergent Ergodics and ADX signals...so a bit suspicious.  With all this volatility (VIX up >17% midday, closed up  >13%) we would expect our aggressive, high risk models to be surging.  In fact, it's the low risk Lazy Man and simple market neutral models than are the best performers.  We're still cautious of a SPY revisit to 204 levels before a high odds rebound into Thursday and Friday.
Subscribers please remember the M3 login password will be reset Tuesday night at  9 PM PST.
Passwords were emailed on Sunday to all registered users.  If you haven't received please advise me.