Friday, June 19, 2009
That was some hard slogging action this week, wasn't it? If it's not a depression, it sure as hell is depressing. Derivatives data from the government doesn't show things getting much better, either.
As you'll see on my updated latest signals table, some of the latest numbers are a definite downer. My setup for the BKX U.S. Bank Index is showing signs of rolling over into bearish territory. Also, all my other setups have gone to cash - except for one, Japan's Nikkei Average.
You'll also see on my newly updated table that I've got a brand new setup: the 30-year U.S. Treasury bond. That one is presently bearish (meaning it expected yields, which move opposite to the bond price, to rise). But it's going to cash on the open of June 22.
Tune back in early next week for my portfolio update, a more extensive analysis of the latest data and an update to my backtesting results table with the details of my new natural gas and Treasury setups. Sorry I missed writing something up this past week! Have a good weekend and a nice Father's Day.