In this rip-tide, non-trending environment, and given the negative action in a number of leading stocks over the last few days and the six distribution days on the NASDAQ Composite, the model is now in cash. It will await signs of constructive action in leading stocks and major indices before moving back to a buy signal. Should leading stocks and major indices further deteriorate, the model will move to a sell signal.
MDM - Model moves to CASH/NEUTRAL on July 11, 2012
|Published:||11 Jul 2012 13:46 ET|
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