Tuesday, September 23, 2014

Market Trend Model ~ Negative Bias

The Market Trend Model (http://bitly.com/M_Trend_Model) switched to a negative bias with the market close today.  In the QE Market this condition has not had much staying power, but caution is advisable none the less.

Weekly time frames in the Nasdaq (http://scharts.co/TUrh8h), the Nasdaq-100 (http://scharts.co/1vdeZ8l), and the S&P 500 (http://scharts.co/TUsQTL) continue to show a positive bias as these indices simply appear to be testing their 10-week moving averages.

The bears are just starting to gain some confidence, but it's a QE Infinity world...be ready for anything!