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Market Direction Model - Model switches to BUY on May 18, 2015

MDM switches to a BUY signal. 

Major averages have been trading in a tighter price construction, the percentage of bulls had been declining, and a number of stocks have been acting better, shaping out the right side of their bases, along with the number of actionable names as of late. Plus, the market has had a tendency to find shallow floors then move higher.

The unemployment report also came in favorably with unemployment at 5.4%. While this number is suspect, perception rules the day as fund managers struggle to keep up with their benchmarks. And while a strong unemployment report implies the Fed may act to raise rates sooner as conventional wisdom assumes markets will tank on the first rate hike, the market is first guided by a recovering economy, and history indeed shows the first rate hike often coincides with sustained bullish market action. That said, the economic recovery may still be further out, in which case QE will continue to rule the day, pushing reluctant markets higher in sloppy fashion. 

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.)

1-times

SPY (S&P 500) (Lower risk, lower reward)

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

2-times

SSO (S&P 500)

QLD (NASDAQ-100)

3-times

UPRO (S&P 500)

TQQQ (NASDAQ-100)

NOTE: 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 http://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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