Market Direction Model - Cash for now
|Published:||29 Oct 2019 09:21 ET|
Leadership remains abysmal as shown by the number of names on our Focus List while the major averages have been pushing on a string even more so than before as witnessed by the news driven, lackluster uptrend up until two days ago when the S&P 500 made new highs but on lower volume. Yesterday's new high was on higher volume. Given that and potentially more bullish news on the QE front, the model is close to switching.
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