Global Seven

08 October 2013

SHORT TERM COMMENTS UPDATED OCTOBER 8

The short term model shows that BONDS are strongest with ATI CRUDE weakest...GOLD is trying to improve its position so don't be surprised if it moves higher.

SCORECARD (Medium Tterm Vew) UPDATED AS AT FRIDAY SEPTEMBER 20

CRUDE +6,  EUR +5,  DJIA +4, GOLD +3, CRB INDEX +2, USDX +1, TBOND 0,  ....DJIA slipping....TBONDS remain most oversold and WTI CRUDE most overbought

Comparative Performance Against Strongest

Sectors measured against the strongest (CRUDE):FALLING> DJIA 1, EUR 1, CRB INDEX 1, GOLD 0, TBONDS 0, USDX 0

Comparative Performance Against Weakest

Sectors measured against the weakest (TBOND): RISING<  GOLD 52, USDX 100, CRUDE 100, DJIA 100, CRB INDEX 100, EUR 100

Medium Term Trend, 5 week Direction Indicator (DI) and 34 week Overbought (100)Oversold (0) Indicator (OBOS)

USD INDEX   trend falling ...DI declining...OBOS indicator falling 5.9...should be short
CRUDE            trend rising...DI turning down...OBOS indicator rising 99.8...waiting for short term bounce for an opportunity to sell
DJIA               trend rising ...DI declining...OBOS indicator now declining 79.5..RSI diverging
CRB INDEX    trend rising...DI rising ...OBOS indicator rising 97.9..waiting for short term bounce for an opportunity to sell
EUR                 trend rising...DI holding uptrend...OBOS indicator overbought 100...RSI diverging...should be long but waiting for sell
TBONDS          trend declining...DI declining...OBOS indicator oversold 0.0...waiting for a buying opportunity
GOLD              trend declining... DI turned down...OBOS indicator oversold 0.2...waiting for buying opportunity

 

 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 daily data so is only valid for short 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.