I apologize for the late post today. I've been updating the model to a more accurate version and have been unsure what the prediction for tomorrow was while it was updating. To be sure to get the most updated predictions be sure to sign up for our email updates.

The Market Flavor forecast model prediction for tomorrow October 7th for the SPY (S&P 500 ETF) is DOWN.

We recommend selling (shorting) the SPY which mimics the S&P 500 or if you want more leverage we recommend buying the SDS with mimics the inverse of S&P 500 times 2. That means that if the SPY is down 1% then the SDS should be close to up 2%.

Read more about the forecast model.

The performance record of the model compared to the SPY is periodically updated at the top of the right side of the blog.

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Disclaimer: Investing involves the risk of losing money. Please consult with an investment advisor before following our predictions. We do not guarantee the accuracy of our predictions since past performance does not guarantee future performance.

Posted on October 6, 2009 9:20 PM | Digg | del.icio.us