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Weekend Wrap… 4.20.14

Published 04/21/2014, 02:05 AM
Updated 07/09/2023, 06:31 AM

A positive close on Thursday but the risk adverse were clearly hedging their bets into the long weekend.
The Qs continue to underperform SPY as can be seen from the M3 reports below.

XIV is ranked #1 in both cases suggesting a short volatility strategy for now although the SPDR S&P 500 (ARCA:SPY) short-term ALERT appears to be reversing. Meanwhile, the Small World model has gone back into vested mode as iShares MSCI Emerging Markets (ARCA:EEM) has once again turned positive (tentatively).

The next couple weeks should be interesting as traders consider a recent spate of articles on the old 'Sell-in-May' adage, which has actually been a wise strategy on a long-term basis (eg. > 20 years).

M3
M3 Spy
M3
M3 QQQ
M6 Small World
World vs. The SPY

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