Since several readers have asked... the results of the previous 3 closed trades on the momentum matrix are as follows with the entry (green, blue or yellow) being on the Open of the day following the signal posting and the close of the position (red) being on the open on the day following the signal posting:
QQQ: 3.0%; XLE: .8%; TLT 2.6% . Not outstanding resulting but each position made a gain (not reflected in the posted returns %) and gives us confidence that the ranking approach can deliver some supplemental returns.
QQQ has been a real squirrel since the green signal on the 4th and really ripped the sheets on Thursday. I'll post the T3 update over the weekend to see if any of the current 2 longs have changed status.
Next Monday we'll see how the various bond based ETFs perform relative to one another and how proper selection can make a substantial difference in long term returns.
