Thursday, June 21, 2012
Composite moving to 100% cash.
Bam! Nice to see the first official Composite signal turn into a winner. I was sweating it. The JTrader model will go 100% long today. It loves to see this big of a drop in a healthy market. In a healthy market, it assumes we'll resume the up move tomorrow and thus today gives us a great entry price . However, before we get frisky on the long side, the CCI is saying "be patient" as it hasn't reached it's exit criteria just yet. It will remain short. Add it all up, and the composite will move to 100% cash with conflicting underlying signals. Thanks and see ya tomorrow!