COTs Timer: Banks, Nikkei Turn Bearish

Monday 3 January 2011

Banks, Nikkei Turn Bearish

Happy New Year! Hope you had a great holiday and that you have a healthy, happy 2011 filled with good fortune. What an interesting slew of new signals to report on my newly updated latest signals table.

Today's holiday-delayed Commitments of Traders report from the CFTC gives some bearish warnings for the beginning of the year.

My setups for the BKX U.S. Bank Index and the Nikkei both went from cash to bearish for this week's open of trading. (I'll execute those trades for tomorrow's open.) Also, my setup for gold has gone from bullish to cash. My crude oil signal remains bearish for two more weeks, while my setup for the 30-year Treasury bond is still bullish, as is natural gas.

Good luck this week and through the coming year! Be sure also to tune back in tomorrow (hopefully!) for a portfolio update.

TAGS: SPX, S&P 500, gold, BKX, Bank Index, natural gas, Nikkei, crude oil,Treasury, bond, COT, Commitments of Traders,derivatives, Black Swans,market timing,trading system development, CFTC,Commodity Futures Trading Commission,COTs Timer, out-of-sample testing, walk-around testing

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About This Site

I am an active trader and award-winning investigative journalist based in Lac Brome in Quebec's Eastern Townships, just outside Montreal. I have written about investing and business for The Montreal Gazette, Investor's Digest of Canada, Technical Analysis of Stocks & Commodities, Futures & Options Trader, The Financial Post and others. I am not a certified financial advisor and am still refining my COTs Timer system. Please see more disclaimer information below. See my complete profile at the "Intro to COT" link above.

DISCLAIMER

I created this blog to record my personal, subjective observations about the markets, solely for my entertainment and that of interested readers and to foster research. Nothing on this blog should be construed as financial advice or an offer or recommendation to purchase or sell any security. I encourage anyone interested in the markets to do your own homework and/or consult a professional advisor. I am not a certified financial advisor and am still refining my trading system. I reserve the right to modify or stop publishing aspects of my system at any time or to delay updating my tables for whatever reason, or I may not do so in a timely manner. My system has resulted in very large drawdowns in some trades. Past backtested and real-time results are no guarantee of future performance. I will not be liable for any losses or damages of any kind that result from the content of this site. Although I consider the data, calculations and information on this blog to be reliable, I can't make any guarantees and won't be held liable or responsible for anything erroneous on this website. You are solely responsible for implementing safeguards of your data and system when you use this site and its content and links. It is up to the user of this site and content to protect yourself from worms, trojan horses, viruses and the like. I may hold positions in some of the securities mentioned in this blog.