With increasingly pronounced selling pressure, the model has switched to CASH. The S&P 500 and Dow are just over 1% off their peak, and NASDAQ Composite 5% off its peak. It is important to be nimble in these highly unprecedented markets. MDM may quickly move to a sell depending on how things go. But given the state of QE, MDM is poised to remain flexible should the markets start tiptoeing higher.
Please see today's Premarket Pulse for further details.
RWM - Russell 2000 small cap 1x bear. It should approximate 1x the inverse of the Russell 2000.
PSQ - NASDAQ 100 1x bear.
TWM - Russell 2000 small cap 2x bear.
QID - NASDAQ 100 2x bear.
TZA - Russell 2000 small cap 3x bear.
SQQQ - NASDAQ 100 3x bear.
TECS - S&P Techology Select Sector 3x bear.
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