Market Direction Model - MDM Switches to Cash
|Published:||29 Nov 2017 12:31 ET|
The Market Direction Model has switched to a Cash signal. With the NASDAQ Composite and NASDAQ 100 Indexes getting hit with heavy selling and many leading stocks breaking down, risk is to the downside, despite the fact that the Dow and the S&P 500 are not experiencing the same degree of selling. Given the divergence, caution is advised, hence a movement to cash appears to be the most prudent action at this time.
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