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Update for November 7, 2012
The VSTpro has gone long again yesterday. Therefore the Combo-MF will be neutral due to the conflict between the 20DMF and the VSTpro.
The XLY model has signaled a Bought signal yesterday.
The current short trades for the Combo-MF and XLF models had a stop-loss yesterday.
I will close the current short trade for the XLY model at the open today
I will open a new short trade for the XLF model and new long trades for the XLK and XLY models at the open today.
VSTpro could signal SHORT again today
The market is producing whipsaws for my strategy :(
There are three rules for the VSTpro to signal a short signal:
- slope of 14SMA going down for minimum the last two days
- high above the 14SMA
- close below the open
Because the slope of the 14SMA of the S&P500 is still going down and the high of the day of an index is the close of the day before and this close was yesterday above the 14SMA, all we need for (again) a new short signal for the VSTpro model is a close below the open today.
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Update for November 8, 2012
As expected, the VSTpro model has (again) a short signal.
This turns the Combo-MF model also to short.
The VSTpro model needs a close above 1420 today for signaling a new long signal.
This is about 1.8% gain which is very unlikely under the current market situation.
The XLB and XLI models have a short signal since yesterday and the XLK model has turned into Cash Oversold state.
The current long signal for the XLY model will be ignored due to poor statistical back tested performance when the Combo-MF is short.
I had a stop-loss for my long trade for the XLK model.
I will close the existing long trades for the XLI and XLY models at the open today.
I will open new short trades for the Combo-MF, XLB and XLI models.
I hope the market now shows a clear sign.
I do not care up or down.
Changing direction every few days only brings losses and frustration.
Meanwhile, the whipsaw song keeps on playing...
[URL="http://www.youtube.com/watch?v=LiE1VgWdcQM"]http://www.youtube.com/watch?v=LiE1VgWdcQM[/URL]
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Update for November 9, 2012
The XLY model is now in cash.
The XLF model has a Bought Oversold signal.
I will close the short trade for the XLF model and open a new long trade for this model at the open today.