Unique swing trading signals and stock market commentary.
Friday, July 13, 2012
Composite back to cash...
The CCI system is detecting an elevated level of risk and is dumping its long position as a precautionary measure. The JTS will remain on the sidelines with a hold signal. With both models out of the market, the JT Composite system is headed back to cash on the close today. The profit from this trade is a bit underwhelming though better than the alternative. Have a good weekend all! See ya back here Monday.