Some of my readers will recognize my previous work from the Reversion to the Unified Mean (RUM) Wave blog. I wrote it in relative anonymity for a couple years. That work can now be found here.
This morning when I woke up and checked the futures first thing, like I always do, I was expecting to see some red numbers, but they were instead green. So, once it looked like the market was going to open higher I sent an email to the RumWave faithful explaining that I would be comfortable holding our short positions even if the market closed moderately higher. As it turned out the DJIA closed .5% higher, which was within my comfort zone. I was excited to run the daily scores today, and here are the results:
The overall daily score pushed back into red territory. Yesterday I posted that I may be a couple days early with my call to go short, and it was proven true today. Overnight we will get the ECB constitutional decision. The market is primed for a disappointment, so we'll see how the decision gets interpreted.
GOOD LUCK TOMORROW!