MDM - Model switches to BUY on April 24, 2013

Published : April 24 2013 at 12:06 ET

MDM switches to buy as short term price/volume indications show a higher likelihood that the market will continue higher. Longer term indications are primarily driven by quantitative easing which continues to fire on all cylinders. Countering QE is lack of leadership and distribution days in the major indices, but QE has shown itself to be quite the formidable force.


Suggested ETFs


SPY (S&P 500) - slightly lower beta than QQQ so slightly less reward but also less risk.


SSO (S&P 500) - slightly lower beta than QLD so slightly less reward but also less risk.


UPRO (S&P 500) - slightly lower beta than TQQQ so slightly less reward but also less risk.

This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.