Wednesday, February 4, 2015

Bull Bear Tug O' War

The Market Trend Model ( moved to a positive bias on Wednesday as the battle between bulls and bears continues to rage.  During the last few weeks the major indexes have been whipsawed back and forth around their respective 10-week moving averages as stocks have remained range bound for a considerable period.

The major indexes appeared ready to re-capture their respective 10-week moving averages on Wednesday, but they failed during the last 30 minutes of trade when negative news from the ECB hit the wires (  The Russell 2000 did manage to regain its 10-week moving average despite the negative news.

Whether bulls or bears win the current "tug o' war", one thing remains certain ~ volatility continues to dominate markets in 2015.