The model has switched out of its neutral stance into a buy signal given the buying pressure exhibited by leading stocks.
The market gapped down at Friday's open after the dismal employment report, but then managed to claw its way higher. Signs are pointing to an expected new round of quantitative easing both here in the US, as well as abroad due to a continued cacophony of debt issues with the PIIGS. This is good for both stocks and commodities over the longer term.
IWM (Russell 2000)
SPY (S&P 500)
UWM (Russell 2000)
SSO (S&P 500)
TNA (Russell 2000)
UPRO (S&P 500)
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