Sunday, 14 April 2013

Crude Oil to Cash

Not much change in trader positioning this week, according to Friday's Commitments of Traders report from the CFTC.

A single new signal takes effect on this week's open of trading: cash for my crude oil signal.

Otherwise, my signals remain the same (as you can see on my latest signals table):

- bullish for the S&P 500
- cash for the BKX U.S. Bank Index
- bearish for the Nasdaq-100
- bullish for natural gas
- bullish for the Nikkei
- bullish for gold
- bullish for silver
- cash for copper
- cash for the 30-year Treasury bond

Good luck this week!

4 comments:

Galiper said...

hmmm... bullish for Gold and Silver huh ? :/

Alex Roslin said...

Thanks for your message, Galiper. Yes, some signals don't work, as I'm very clear about on this blog! Please check my FAQs page for more on signals that don't seem to be working.

Best regards,
Alex

Mukundan SN said...

I have a doubt. Precious metal usually are generally negatively correlated with stock market. How come they all rise together?

Alex Roslin said...

Hi Mukunda,

Thanks for your comment. There hasn't been a negative correlation in recent years. Gold had a 0.28 correlation with the S&P 500 between 1995 and 2007.

In any case, that doesn't matter for my signals, which are mechanically generated.

And even if two markets have a negative correlation in the long run, they can still move in the same direction over shorter periods of time within that longer horizon.

Regards,
Alex