MDM switches to SELL.
Given yesterday's high volume reversal action and the overall action of leading stocks, the market could have difficulty today. That said, such difficulty may be short-lived as the Federal Reserve concludes its two-day meeting tomorrow. It has kept to its dovish stance which could help rally markets when it releases its policy statement tomorrow at 2:15pm EST. MDM will remain nimble and fluid.
Market Direction Model - Model switches to SELL on April 28, 2015
|Published:||28 Apr 2015 13:44 ET|
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