etfmsolutions: Going Nowhere...09.23.15

Wednesday, September 23, 2015

Going Nowhere...09.23.15

Another day of market malaise with the HFTs hard at work scalping mils off the spread.
Volume was curiously very low and contrary to the previous few days the action was slow.
How do I gauge the "speed" of the market. Very simple...I just monitor a Schwab EDGE platform tool that records daily highs and daily lows on the NYSE and NASDAQ on a TICK basis. When the markets are moving fast the screen is rolling up in green (new highs) or rolling down in the red (new lows). The speed of the scrolling immediately reveals the current pace of trading.
We ultimately closed dead on the pivot today having previously hit R1 and then S1 intraday.
Once again the setup for tomorrow looks neutral to bearish.

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.

ETF Mosaic Solutions and the editors of Mosaic Solutions are neither an investment advisory service nor registered investment advisers or broker-dealers and do not purport to tell or suggest which securities or currencies readers should buy or sell for themselves.
This site and related software products are for research and educational purposes only, and nothing herein should be construed as an offer to buy or sell, or as a solicitation of an offer to buy or sell securities, or to provide individual investment advice.

Investing is risky and past performance, whether actual or tested, is no guarantee of future results.
Any quantitatively derived allocations referenced herein should only be starting points for conducting your own research.

You are responsible for your own trading decisions and resultant gains or losses. When in doubt, please seek professional guidance from a registered adviser who can respond to your personal needs and risk profile.