With IWM down 3.25% today you may be wondering what the model is saying. The model almost issued a sell signal yesterday (5/11/2021). Today that looks like it would have been a good move, but in a few days we may be glad it didn’t. I am working on a new strategy involving buying SPY short term call options when an oversold condition is detected. Today 4 of my 6 indicators are flashing an oversold condition. It has a 78% win rate with an average hold time of 4.5 days, so that is encouraging. I believe the market is over reacting to the CPI numbers and a resulting rise in the 10 year yield today. Once the info is digested the market reverses. I have seen that happen many times. At this point, no upcoming sell signals are anticipated.