The bounce today did stick better than the previous attempts over the past 3 days but the leaderboard was not uniform and once again we are in a period of selective momentum among stocks, making our ETF approach of blending risk a bit more difficult.
Over in the ALPHA model silver and gold took heavy hits, supporting the previous signals to seek the safety of CASH rather than trying to buck the new downslope P6 trend in the top 2 sort.
Here's a screen shot of the fuller graphics panel for ALPHA as well as a closeup of the 2 new TrendX charts.
The upper chart is actually the P6 signal of the TrendX and the P6 signal of the TrendX 10 period moving average. The crossover of the two P6 signal lines is considerably smoother than the cross of the equity line and the equity line P6....with the intent of easing the identification of practical money management stops.
