The updated M6 World model has generated great returns recently, led by EWZ (Brazil). For now this is our go to portfolio as the domestic M6 Market model is stuck in a churn and burn (commissions) mode. While US market momentum may have stalled the international markets appear to be in a rally mode so as long as stops are respected that looks like the better odds situation.
Trader's Outlook is bearish to neutral next week as we hit mid month and the Sell in May crowd has yet to decide whether to quit the game (bad choice last year) or hang in there.
The VDX updates have us in a potential mean reversion setup for a pop in SPY and a drop in TLT although it looks technically premature..
