Check out my other signals and the rest of the data on the newly updated latest signals table. (In other news, my natural gas signal remains resolutely bearish for one more week, then goes to cash.) And be sure to look back here early next week for a portfolio update. Good luck next week!
Saturday 22 January 2011
Wow - tough week. But Friday's Commitments of Traders data from the CFTC has some potentially good news for bullish positions. My trading setup based on this data went bullish for the BKX U.S. Bank Index. That signal is based on trading positions in the three-month Eurodollar, which got briefly much more bullish of late. One caution: the small trader total open interest has fallen substantially in the latest COT report. This pushed their signal into the bearish column. But that signal has a two-week trade delay, so the setup will remain bullish for up to two weeks, then go either to cash... or maybe even bearish. Who knows!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment