Friday, June 12, 2009
Pause for Banks, Natural Gas is Bullish
Some interesting new signals based on this afternoon's Commitments of Traders data. I've just updated my latest signals table with the calls from my trading setups based on this interesting weekly data on derivatives positioning in various markets.
New signals: cash for my BKX U.S. Bank Index setup after three weeks bullish; and bullish for my brand new natural gas setup. The latter had been in cash for 10 weeks. It's the setup's first bullish signal since last Sept. 2008, since which time it's been either bearish or in cash.
I'll update my backtesting results table with details from that setup next week. I'll also write a fuller update for all the setups early next week. Hope you fared well this week and best wishes for a great weekend.