Monday, 2 September 2013

Bullish Sprouts Peep Out

Traders appear to be poking their heads out from shelter and testing the waters with more bullish positioning.

So seems to say the latest Commitments of Traders report issued Friday. See my latest signals table for details.

The latest data pushed my signal for the BKX U.S. Bank Index to bullish for this week's open of trading. Also, my signal for the 30-year Treasury goes bearish. (Rising yields tend to be bullish for equities.)

In addition, my S&P 500 signal goes from bearish to bullish in a week's time - i.e. on the open of trading the week of Sept. 9.

In commodities, my natural gas signal goes to cash after a week bullish.

Hope Canadian and U.S. readers had a good long weekend! Good luck this week.

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