Model switches to CASH/NEUTRAL.
As cited in the prior report, the buy signal was a higher risk signal thus was looking to capture short term upside due to a number of reasons including any potential short squeeze from CTAs being the most bearish since early Oct-2021. That said, controlling risk is always key so the model will move to the sidelines regardless of any potential upside from a squeeze.
Market Direction Model - Model switches to CASH/NEUTRAL on April 5, 2022
|5 Apr 2023 12:08 ET
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