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.

2013-01-31

Financial Industry Bull Indicator

The financial industry model has given a bull indication.  For finance I track with the leveraged ETF FAS.

So Friday morning at the opening I will buy (with paper money) FAS.

This goes against most TAs' expectations; they called or are calling for a market top at the present time and they're expecting a downturn.   This could get interesting.


-----------B U L L    I N D I C A T O R S--------------
            Finance, based on FAS
            Small Caps based on TNA.
            Biotechnology, represented by  BIB 

----------- Remaining   B E A R S--------------

            Small Caps based on SAA.
            Energy, based on ERX.             
            Real Estate, based on DRN.
            SP 500, based on SPXL. 
            Technology, based on TECL .
            Basic Materials, based on MATL.
            Retail, based on RETL.

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