Project Z is alive! Hard to believe as we are basically a year behind in our schedule to release the sine qua non for traders but life’s quirks have have an uncanny way of noodling up even the best laid plans and intentions. That being said, yesterday’s EOD ushered in a new short signal at the close. The DIA model runs with a 12 day fixed bar exit with a secondary stop if the equity curve is violated by more than 1.5% (see yesterday’s XLF/TLT post). Earnings season is about to kick off, which may serve to dampen market enthusiasm when coupled with the POMO fade out and seasonally low prospects for May-Sept. Caution is advised.
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