Pure craziness in the markets this week, wasn't it? With crude and gold looking like they're breaking back up and the BKX U.S. Bank Index dropping to lows not seen since before the 1998 Asian crisis, not to mention insane volatility, you've got to get a little worried about all the poor folks blowing up these days. I've just updated my Latest Signals page table with this week's calls from my trading setups based on the Commitments of Traders reports. The new signals include going to cash for the S&P 500 and NASDAQ 100. Also, recall that my BKX setup, which has been very happily short since June 16, went long with last week's report; that setup has a one-week trade delay, meaning I'll go long U.S. financials on Monday's open of trading. (See my post from Tuesday, July 8 for more details on that.) I've also got some other really interesting new developments to talk about from this week's data. I'll do that with a more detailed post Monday, at which time I'll also update my portfolio page. Also early next week I hope to announce a new trading setup for the Russell 2000 index, based on combining the best signals for two groups of traders in the CFTC's weekly COT report. Hope you have a good weekend.
TAGS: COT, Commitments of Traders, market timing, trading system development, CFTC, Commodity Futures Trading Commission, S&P 500, Russell 2000, gold, crude, BKX, Bank Index, NASDAQ 100, NDX
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Last update : 11-07-2008 13:19
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