Wednesday, October 31, 2012
TAQK and LM updates...10.31.12
Today is our designated rebalance day for the month. Using the Rebalance Calculator emailed to subscribers last month just enter today's prices and your test model account value to calculate the correct position sizing for each ETF.
The momentum rankings are very bearish currently...SH is the inverse of SPY...which is as bearish as out model will allow. This could all change quickly if the typical end of month buying kicks in, but as of this post (8:00 AM PST) the markets are in a slow grind down with Apple losing over 2 %. Gold is strong and holding...usually a bad sign for the equity markets. Volume is paper thin so expect higher volatility than normal and reduced reliability of the technicals.