.
No signal changes, so no issues for today. You should still be long SPY / C-Fund and VXF / S-Fund.
The SPY / C-Fund is holding up well overall, and although it has been beaten up with the down draft the last two days, it's strength index is a +1. We need a -3 for a move-to-cash indication, and while it certainly is possible to move from +1 to -3 in one day, we'd need one heck of a down day today, and the futures are not indicating tremendous downward pressure (they're nearly even as of 6:45 a.m.).
The VXF / S-Fund is weaker at -1, and this will most likely to be the next domino to fall if the market reverses. Volume does not play into the movement to -3, only price, so if we do not get a solid up day it is very likely we could see this one move to cash. DO NOT ANTICIPATE the move, wait for it. Many gains in a bull market are made off of sell-offs, so it will be important to be in this position if the market reverses and continues to the upside.
I'll post performance numbers and allocations this weekend.
Remember, you are responsible for your own trading decisions, not me.
Regards,
pgd
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