Disclaimer:

Nothing contained in the following content constitutes an offer, solicitation, or recommendation regarding any investment management product or service, or the offer to sell or the solicitation of an offer to buy any security; The following content is purely for information only and is based on information available at the time it was created. It does not take your financial situation or goals into consideration, and may not be suited for you.

Weekly Sell Setup

We had a great week with our returns due to the easing CPI and positive macroeconomic prints. However, our system is showing signs of exhaustion on the weekly chart. If this continues, we may see a drawdown next week.

As we approach the end of this week, we’re taking a tactical approach by closing all our short-term long positions. This will help us avoid any potential downside as the sell setup completes on the weekly chart. Even though the current momentum could potentially carry us into the middle of next week, we believe this is the precautionary strategy we have to take.

Note:

Introducing new data may render the current model output obsolete as additional information becomes available.

Disclaimer:

Nothing contained in the proceeding content constitutes an offer, solicitation, or recommendation regarding any investment management product or service, or the offer to sell or the solicitation of an offer to buy any security; The above content is purely for information only and is based on information available at the time it was created. It does not take your financial situation or goals into consideration, and may not be suited for you.