Friday, March 19, 2010

New Stock Signal; Recap of Markets

As mentioned in our Twitter earlier today at 3:30 pm, our intermediate stock signal is turning mildly bullish from a mildly bearish stance. Our overall long-term (LT) signal remains bullish, so that we have been net long during this rally.

It's been a few weeks since our last blog post because our stock signals have remained the same since that time. We'll see how the stock market reacts now that it's reached recent highs...

In other markets, the futures markets have been fairly choppy. The currencies, US dollar, and precious metals can't seem to make up their mind if the dollar will weaken further. Some futures positions:
  • Long Gold
  • Long Energy
  • Long Aussie / Canadian $

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