MDM has switched to CASH. The go-nowhere market action (straight up, straight down) makes for treacherous market timing as the up-down-up-down periods are very short lived as has been the case for much of the market since December 2014.
As we wrote in yesterday's Premarket Pulse:
Market action since December speaks to the frailty of the Fed attempting to push markets higher by way of quantitative easing as the markets are clearly resisting any sort of normal uptrend. A successful follow through day should result in an uptrending market that lasts at least five weeks, according to one definition. We have not had such action since December, but instead a whipsaw environment where trends lack any sort of persistence. That said, our stock trading strategies of taking profits and keeping stops tight as we have advised members for more than a year continues to work as long as one remains nimble and disciplined.
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