Weekly signals - Dec 31, 2009

OIL
Buy 12/24/2009
Long USO 38.20 stop 35.22
No change from last week

Dollar
Countertrend buy
No change from last week. Looking for a sell signal this week

Gold
Countertrend sell
No change from last week. Looking for a buy signal this week

Bonds
10 year yields on a buy signal since 11/30
No change from last week

Disclaimer: All signals are experimental and for entertainment purposes only.


One of the readers question was whether the entry is based on week ending price or opening price next week. For intermediate term positions, it's irrelavent, unless the next week opening happens to be a massive gap-up. But then, many a time, it also gaps-down offering better entry price. I tracks these signals based on end of week closing price basis. To be fair, i will try to post these signals 15 minutes before the closing, end of week, if time permits and does not interfere with my trading activity.

These weekly signals will not be published for the SPX, as the stock market is an entirely different beast, which i will continue to anlalyze seperately. There is no change in SPX outlook. We remain in a daily uptrend from the Dubai lows, pullbacks on hourly charts aside.