Trends have for the most part dissapeared, and may at best be in transformation mode. The chart below is typical of previously trending investments which have seen deteriorating trends for ~2 weeks now.
Transactions for the week
The deteriorating trends resulted in several sell signals early in the week:
- Sold positions in Agriculture (DBA), Russell 2000 (TNA), S&P 500 (UPRO), Aerospace (ITA), Midcaps (MWJ), Russia (RSX), DJIA (UDOW), Industrials (XLI), Media (PBS), Broker-Dealers (IAI), Real Estate (IYR), Water (PHO), Materials (XLB) and Consumer Discretionary (XLY).
- I added to my existing positions in Energy (ERX), Natural Gas Exploration (FCG) and Canada (EWC)
I am at this point heavily into cash, waiting for trends to develop.
What Next Week May Bring:
The energy sector came back after a short pullback; I may find myself adding more blocks to the energy-related positions. Short opportunities may also materialize.
Questions as always welcomed...