Friday, October 26, 2012

T 3 Update ..10.26.12

We're basically in a holding pattern at this point waiting for ?.  Apple was the big unknown until last night and with that bullet apparently dodged the election appears to be the next impending market catalyst, although the effect is likely to be on select sectors only....such as health care and financials.

Based on the today's early gains in both bonds and equities it will be interesting to see how the momentum rankings unfold for Saturday's update, which will include the new T2 model.

There are no new alerts this morning and ...being Friday... the closing bais is to the downside for equities.

The TLT/XLF pair trade is currently in cash with no new signal this morning.