MLR - PMP 7/5/13
With today's stronger-than-expected employment report, it means the Fed may be on track for slowing quantitative easing as early as September. Unemployment remained firm at 7.6%.
Thus, the MDM has switched to a sell and the UVXY model has switched to a sell for this as well as the following reasons:
=The surging price in the dollar and soaring treasuries as a result of the unemployment report.
=Big money flows lagging the current bounce, increasing the likelihood that the market will pullback sooner than later.
That said, should the market continue higher or find its footing in the days ahead, the model will most likely switch out of its sell signal.
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