Friday, 2 December 2011
Late December Awash in Bearish Red
I somehow missed doing my promised update after Monday's holiday-delayed Commitments of Traders report came out. Very sorry! All the latest data based on today's new COT report has now been crunched by my chastized yet keen team here at COTs Timer central, and my latest signals table has been updated.
As it happens, last Monday's data didn't add any other signals than the ones I mentioned in last Saturday's post.
The new data from today, however, is a different story, as you'll see on my signals table. No new signals to report for next week's open, but after that, watch out. I think the best way to describe the latest COT data is "Yikes." Or perhaps "bahumbug." Santa will not be pleased. Late December is awash in bearish red. But try not to think about that right now! Tis the season to be jolly. Hope you have a great weekend, and good luck this coming week.