The 2 changes to the matrix appear to be contradictory so some caution is advised at this point.
First, XLP has migrated to the #3 ranking, following a steady migration to the left of the matrix.
Second, Long signals for TLT triggered this morning in the DB and GS2 systems.
If the equities markets do take today's job's report as a catalyst to spring forward, then the TLT Long is not going to fare well. On the other hand, if ongoing concerns about the financial cliff and poor earnings with lowered guidance drive equities lower than the TLT will turn out with a much happier result.
From a strictly technical standpoint TLT is now sitting exactly where it was in mid August before it rallied to 127.5 in the last 2 weeks of the month. The difference is that TLT displayed a distinct bottming pattern at that time whereas the current position may be prone to further decay before beginning a recovery.
The ranking alignment for Monday will be posted Saturday, as usual.
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