Model Notes: The models are doing well. The exit of gold preceded lower prices. The dollar has rebounded much better than most markets from August crash lows. I am planning to use more currency markets as featured markets as CTM makes a push to analyze forex markets.
Featured market rotation: Equities for August, US Dollar for September and Bonds for October. Japanese yen for November. Brazilian real for December. Gold is non-rotational.
Model Portfolios: Gold = 9/01, USD = Buy 8/20
Nonlinear Trading Themes:
- Gold: The yellow metal gave up ground heading into the tail end of the week. This is a hint that US related markets are probably not going to vaporize next week. I am looking for 107 to hold. The model gold portfolio is still flat.
- US Dollar (Sept Featured Market): Recent dollar trading does not look like it is setting up for a downside reversal. Instead, the greenback traders look expectantly for a Fed 25bp tighten. I think the central bank stance of perma-dovishness is now causing more problems than it solves. A quick “one and done” 25 bp tighten is in the cards. This is what the gold and dollar models are pointing towards. US Dollar portfolio is still bullish.
Note: Technical analysis comments are based on interpretations of non-linear trading models, combined with chart price action.
- Bond Trading Signals. I am offering a similar Mummy process for Treasuries. See the “Bond Trading Signals” tab for more info. Currently available.
- Currency Trading Signals. I am now offering a similar Mummy process for currencies. This service will involve two signal paths, one on the US dollar and the other on a user selected second currency (1+1).The fee will be the same as the Bond trading signals. Currently available.
- We now offer S&P 500 signals (along with the choppy $VIX). This index is a mainstay among financial participants and traders around the world. Sign-up for exclusive signals to give you the edge. Currently available.
GH Garrett – Veteran Commodity Watcher for ConquertheMummy.com © 2015, “Nonlinear signals that matter in gold trading.”