Tuesday, May 22, 2018

Getting Bullish

The model is switching back to long today. The last seven business days it was short but the market just went sideways more or less and it netted USD 1,200 a contract or 0.85% for the effort. The previous 10 days of being long, by contrast yielded USD 5k (3.67%). That's an indication of the bullishness. Australian and European markets have been more bullish throughout this period - the US market has been lagging perhaps due to relative over-valuation and to all this trade war and other nonsense.

So far for the month, the model is up USD 7k per contract and I am about matching that.

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