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Market Direction Model - Model switches to BUY on July 17, 2018

MDM has switched to a BUY signal. As discussed, QE can push markets higher on a string for longer than expected. Keep in mind that this choppy, news sensitive environment when it comes to the major averages increases risk. Any bearish news item related to trade can cause a mini-gap down in the markets overnight. The major averages have had a tendency this year to move just high enough before breaking down, and just low enough before finding a floor. Such is the nature of relatively trendless markets, though this particular one presents as particularly challenging as the bearish headwinds push markets lower while QE pushes markets higher. These cross currents can act as rip tides thus can obstruct market averages attempting to find a sustainable, less noisy trend. 

Nevertheless, recent market action has been resilient in the face of the trade war with China. A number of leaders continue to act constructively. The FAANG stocks serve as one example. The NASDAQ-100 and NASDAQ Composite, both having hit new highs, are showing good strength, pacing ahead of the S&P 500 and Dow Industrials. Earnings season is expected to show strong numbers once again, despite NFLX, with companies able to legally distort their earnings due to QE-related stock buybacks. 

Suggested ETFs (Note: Many members buy the standard ETFs or their preferred ETFs. This list serves as a guide as to which ETFs we think may outperform, but the key point is to be on the right side of the market regardless of which ETF or ETFs one chooses.)


QQQ (NASDAQ-100) (Higher risk, higher reward)





TECL (S&P Technology Select)

NOTE: This is a suggested list. Investors may wish to become acquainted with the full range of available ETFs, and should make an effort to understand how these ETFs are created and what their components are, as well as being aware of the downside risks involved, especially with leveraged ETFs. Certain ETFs may be more appropriate depending on one's risk tolerance levels. Typing in keyword 'ETF' into the FAQ keyword search bar or going here https://www.virtueofselfishinvesting.com/faqs/search?p=1&q=etf  and visiting this site https://etfdb.com/  can be instructive.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (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. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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