MDM - Model moves to CASH/NEUTRAL on December 11, 2014

Published : December 11 2014 at 9:55 ET

The model has switched to CASH.

With the increase in selling pressure,  a move to safety of the sidelines after the hefty gains made on the last signal is prudent. Arguments can be made that global QE is favorable and the Fed is primed to launch QE4. But until that is an actuality, there is no QE support in the US at present. It can also be said that lower oil prices are good for the global economy, but that plummeting oil prices are temporarily spooking investors, thus the uptrend should resume. Nevertheless, price/volume action is key as always so MDM will move to the sidelines for now. Should the markets find quick footing, MDM could move back to buy. 

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