It’s all about price and volume and the rest in just commentary.
It’s possible that the M48 model will not buy the S&P until we break through 900+ to the upside at which time the model will accumulate additional shares when and if price and volume continue to rise. We shall see. If we go to new lows – it becomes a new ball game.
No oil play or individual stocks yet inside the M48 today. I’d probably have to see the exchange traded fund USO break out above 45 before the M48 takes a long position in crude.
I’ll let you know if the M48 puts on a short as well.
Always read the risk disclosure above. View this for educational purposes only. Videos coming soon to help further your pattern recognition.