This site is based on our own analysis engine. It is for informational and educational purposes only and should not be used as a solicitation to buy or sell securities. Always consult a qualified financial adviser before making investment decisions.
Just a sneak preview at our tweaked system. Our base portfolio will be a simple spreadsheet matrix which monitors some key markets along with ETF/Securities in our model portfolio. Our matrix will provide current buy sell indicators based on our proprietary analysis along with signals from other high power technical sources. These will provide additional insight into the context and the reliability of our signals.
For example, should a symbol flash a buy signal where the other feeds are flashing warnings or caution, then in context a smaller position or a wait and see attitude may be best employed to verify the signals authenticity.
There are no signal changes this week, and the sell signal for GLD is thus far been rejected. We are monitoring the market conditions and continue to update stops to prevent any downdraft along with monitoring short positions.
FAZ is one of those we are watching carefully is it is seeming to form a bottom and we expect a signal to be issued soon. Our system has been quite successfull in weeding out this very volatile fund to avoid whipsaws and false signals. Since the fund has lost most of it's value in a space of six week we can concur that as a speculative buy this bears watching.
Much more this weekend as we can evalute wether this weeks action triggers and sell signals. Many of the ETF's have been in buy mode since the rally has started and rung up big profits. We hope to have a premlinary matrix up by this weekend as well along with chart updates.
