MDM switches to CASH as NASDAQ Composite and S&P 500 bounce up to their respective 50-day moving averages (50dma) which may serve as short term resistance. While the market may have already put in a floor, there is still a chance it could go lower. So while MDM could wait for the -2.9% failsafe on the S&P 500 to go to cash as discussed in this morning's PMP report, it is best in the currently challenging environment to move to the sidelines. Safety first. MDM will look for reversion to the mean to get back into the market closer to its floor which could come now or after further correction. MDM will be focusing on price/volume action in leading stocks and major indices as always.
MDM - Model moves to CASH/NEUTRAL on September 26, 2014
|Published:||26 Sep 2014 15:24 ET|
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.