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Update for September 7, 2012
The XLI model has a "bought" signal since yesterday. I am not going to take this signal. My back tests have shown that XLI "Bought" signal are not productive when the 20DMF is in Cash and the 50MA of XLI is above the 200MA as it is now.
The other signals did not change and I will not change the trades in progress.
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Update for September 10, 2012
The XLB signal is now "Cash Overbought" since the close of September 7. I will close my short UYM trade at the open. The long trades in TQQQ, TECL and XLY remain active.
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Update for September 11, 2012
The XLB, XLF and XLY models have all a "Shorted Overbought" signal since the close of yesterday. I will follow the XLB signal and ignore the XLF and XLY signals. My statistics have shown that following XLF "Shorted Overbought" signal when the Combo-MF is long is not profitable. Following a XLY "Shorted Overbought" when the 20DMF is not short is also not profitable. The trades in TQQQ and TECL remain valid.
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Update for September 12, 2012
The XLF EOD signal is now "Cash Overbought". I did not trade the short signal yesterday so here no change.
My other trades (long TQQQ, long SMN and long TECL) remain valid.