Market Direction Model - Model switches to BUY on August 13, 2015
|Published:||13 Aug 2015 13:16 ET|
MDM has switched to buy. In this sideways market environment, such upside reversals on higher volume as the one we saw yesterday often are indicative of a floor being reached as the market wends its way back toward old highs, only to then meet resistance and turn back down once again. Nevertheless, a few new pocket pivots hit our screens, and while MDM has switched back to a buy signal, market timing remains ever challenging in this trendless environment so stocks still offer a better risk/reward.
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