The model is back to cash as the model's fail-safe has triggered. All ETFs should be sold. It is best to keep stops tight in this chop and slop environment. It is indeed what we call a rip-tide market, with all the cross currents hard-nosing the markets up and down. The effects of quantitative easing in its various forms are clearly felt propping the markets while the ongoing negative news out of the US and Europe gaps the market down. The model patiently awaits the next true signal which in past history has more than made up for the small losses.
MDM - Model moves to CASH/NEUTRAL on June 29, 2012
|Published:||29 Jun 2012 13:33 ET|
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