Thursday, November 8, 2012

T2 Update...11.8.12

T2's affinity for the bonds paid off yesterday as the market crumbled.  This morning's early pop has not held so far after 60 minutes and Apple continues to deteriorate with the next level of support around $525, another $ 25 down if the market can not pick up some traction soon. 

T2 remains in a Stopped mode for now until technical signals improve.

To get a better perspective on whats happening with our T2 components the 11 chart composite is shown below. The bond ETFs are clearly showing the best continual momentum, followed by XLU and XLV.  GLD and FXE continue to display volatility while SPY, IWM and XLE follow a similar ebb and flow.