Global Seven

20 May 2014

SCORECARD (Medium Term View) 

TBOND +6, CRB INDEX +5, GOLD +4, CRUDE +3, EUR +2, USDX +1,  DJIA +0

Comparative Performance Against Strongest

Sectors measured against the strongest (TBONDS):FALLING> CRUDE 99, GOLD 99, EUR 11, CRUDE 7, DIIA 4, USDX 1

Comparative Performance Against Weakest

Sectors measured against the weakest (DJIA): RISING<  CRUDE 51, USDX 90, TBOND 98, GOLD 100, EUR 100, CRB INDEX 100

Medium Term Trend, 5 week Direction Indicator (DI) 

USD INDEX   trend falling ...DI declining
CRUDE            trend rising...DI rising
DJIA               trend rising ...DI rising
CRB INDEX    trend rising...DI rising
EUR                 trend turning down...DI turning down
TBONDS          trend rising...DI rising
GOLD              trend turning down... DI turning down

SCORECARD FOR ENERGY/OIL (Medium Term View)

GASOLINE +5, BRENT CRUDE +4, WTI CRUDE +3, GASOIL +2, HEATING OIL +1, NAT GAS 0

BRENT CRUDE  trend neutral...DI rising
WTI CRUDE     trend rising......DI turning down 
GASOLINE       trend declining...DI declining   
HEATING OIL   trend declining,,,DI declining 
NAT GAS        trend declining...DI declining 
GASOLINE       trend rising...DI rising

SCORECARD FOR PRECIOUS METALS(Medium Term View)

PALLADIUM +5, PLATINUM +4, GOLD +3, COPPER +2, SILVER +1, XAU 0

GOLD              trend declining...DI declining
SILVER           trend declining...trend declining
PLATINUM      trend rising ...DI turning down
PALLADIUM    trend rising...DI rising
XAU                 trend declining...DI declining
COPPER           trend declining...DI declining


 The information contained on this website must be viewed as educational...no trading advice is intended. Global Seven has 7 components and they are measured against one another ...on the Scorecard a score of +6 means that the sector in question is stronger than the other 6...and 0 means that that sector is being beaten by the six...Comparative Performance Against Strongest shows the position of the other components as they fall with 0 being oversold ...conversely Comparative Performance Against Weakest shows the performance of the other componenets as they rise with 100 being overbought...for more information on how the model works click on to www.investrac.com/welcome-to-investrac Keep in mind that the system is based on weekly data so is only valid for medium term movements. And keep in mind this good advice from Grant Williams: "Tune out the noise and focus on the signal." You can be advised whenever a new blog is posted....just complete the "Contact US" tab.