I was surprised yesterday when I came back from a meeting to see that my proprietary market timing model issued a SELL. I advise taking some profits here and being vigilant for another possible market sell off.
Yesterday my model flashed a signal but I couldn’t discern right away if it was a solid BUY or SELL but its actually beginning to look like a very weak BUY signal. The S&P500 has hit a lot of resistance and support lately so its interesting to note that the markets can go either way [...]
This is good news, my Timing Model volatility indicator is actually dropping. It peaked at 2.9 on 3/17 and has steadily dropped to 1.79 as of yesterday’s close. This confirms my cautious belief that the market has bottomed but we’re not out of the woods yet. Everything hinges on what Gold prices [...]
I was reading Christian’s blog yesterday when he gave the Euro a target of $1.76. Wow, that would be like Financial Armageddon for the USD! You don’t need a neural net to tell you that the trend for the Euro is UP and I’m waiting for a pullback to go long. My [...]
I was checking my volatility chart this morning and noticed a massive volatility spike on 3/18, two days after my timing model issued a BUY signal. The BUY signal flashed on 3/14, I moved money around on 3/17 and the volatility spike happened the following day. This is sure beginning to look like [...]
Exxon Mobil Corporation (XOM) has been thrashing around for the past few weeks on some high volatility. One moment the price of oil is at $90, the next its at $111, and now its around $100. Although XOM is mostly a refiner, the price of oil affects its profit margins and in turn the [...]
I’ve been riding General Electric (GE) up and down for the past year and it looks like it might finally be heading back up. My GE neural net model gave a solid BUY signal on 3/17/08 for the following open and a HOLD signal at yesterday’s close. This will work out [...]
