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The XLB and XLI models have a Shorted Overbought signal as of yesterday.
The Kelly factor stays negative for the moment. My personal feeling about this situation is that the market is very difficult to trade under these circumstances. A lot of the recent trades (October and November) are a string of negative ones. This is not good for the way the Kelly Formula calculates the odds. Recently there have been a couple of wining trades but overall the result of my strategy is not prosperous.
The main indexes are cought between a decending 50MA and a rising 200MA. Until we get a decisive break out of that triangle we are currently in, I do not see large changes in the very near future.
The Nasdag is going to signal a death cross today, I presume.
I expect a decisive break out of the triangle very soon. This can change the uncertain situation and possibly offer some rewarding short trades.
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Maybe premature but a buy signal from VSTpro is rather possible today: low (open) was below the 14SMA, the high of the the day is already higher then the previous high. All we need is a close above the 14SMA, which is about 1416.
Let's wait and see.
As expected, the VSTpro signaled a buy signal yesterday. This turns my Combo-MF model to LONG.
The Shorted Overbought signals for the XLB and XLI models where cancelled yesterday.
I will close the short trades for the XLB and XLI models and open a new long trade for the Combo-MF using TQQQ as vehicle.
Tomorrow, due to an external appointment, I will not be able to post an update until just before the open.
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