The retail and biotechnology indicators have gone bearish, just yesterday the small cap indicator did the same. Retail (based on the leveraged ETF Direxion's RETL) is new to my tracking list but back-testing showed that it was bullish as of 12/06. The biotech is based on BIB of Proshares..
Yesterday I reported Real Estate was bullish but that has changed with a new model build.
All
others remain bearish; since 11/20. The others are based on leverage
ETFs covering Financials, Technology, Energy and one for the S&P
500.
After seeing the performance of the method that decides when to enter and exit general market positions using the percentage of stock with prices over a 200 day moving average I decided to test other similar aggregating measures, mainly RSI, ROC and Momentum. MOM so far has turned out to be the best of the 3.
What
First and foremost, this is an unproven method of choosing when to enter and exit a position. Since back-testing is used to produce the models future results may not reflect or produce expected returns.
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