Monday, April 27, 2015

Model Update - April 27, 2015

Market action today was more of sideways gyration. Dow Jones industrial average is completing its inverted head and shoulders pattern. Hence, we are seeing the back and forth. However, one must remember that market is about to enter traditionally weak time of the year, with sell in May phrase about to start making round in the financial news channels.
Under such circumstances, its possible for market to decline a little. This will be a good time to test the model and see how it behaves in a historically weaker period for stocks.
Today, model lost 0.75% vs 0.23% in DJIA.

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