Global Seven

09 September 2013

SHORT TERM COMMENTS UPDATED SEPTEMBER 9

Monday September 9th ...I am going to show you a medium term chart because of its significance to the precious metals complex...www.investrac.com/blog/goldsilver-ratio-to-fall-over-medium-term...Wednesday 4th...today there is a short term buy signal for USD/CHF and a sell for palladium and there is a buy signal for the Baltic Dry Index (BDI)...have a look at www.investrac.com/blog/baltic-dry-index-bdi-going-higher Tuesday 3rd...interesting signals today...short term buy for USDX (and sell for EUR/USD), a buy for USD/JPY and it looks like GBP/EUR is going higher...I'll show you the GBP/EUR...check out www.investrac.com/blog/gbpeur-going-higher

SCORECARD (Medium Tterm Vew) UPDATED AS AT FRIDAY AUGUST 30

CRUDE +6,  CRB INDX +5, GOLD +4, EUR +3, USDX +2, DJIA +1, TBOND 0,  ....DJIA slipping with USDX lifting and EUR slipping...TBONDS remain most oversold and WTI CRUDE most overbought

Comparative Performance Against Strongest

Sectors measured against the strongest (CRUDE):FALLING> DJIA 2, EUR 1, CRB INDEX 1, GOLD 0, TBONDS 0, USDX 0

Comparative Performance Against Weakest

Sectors measured against the weakest (TBOND): RISING<  GOLD 19, USDX 100, CRUDE 100, DJIA 100, CRB INDEX 100, EUR 100

Medium Term Trend, 5 week Direction Indicator (DI) and 34 week Overbought (100)Oversold (0) Indicator (OBOS)

USD INDEX   trend falling ...DI declining...OBOS indicator falling 16.3
CRUDE            trend rising...DI rising...OBOS indicator rising 99.6
DJIA               trend rising ...DI turned down...OBOS indicator now declining 98.1...RSI diverging
CRB INDEX    trend rising...DI rising ...OBOS indicator rising 94.6
EUR                 trend rising...DI starting to fall ...OBOS indicator overbought 99.9...RSI diverging
TBONDS          trend declining...DI declining...OBOS indicator oversold 0.0
GOLD              trend declining... DI rising...OBOS indicator oversold 0.2

 

 The information contained on this website must be viewed as educational...no trading advice is intended. Global Seven has 7 components and they are measured against one another ...on the Scorecard a score of +6 means that the sector in question is stronger than the other 6...and 0 means that that sector is being beaten by the six...Comparative Performance Against Strongest shows the position of the other components as they fall with 0 being oversold ...conversely Comparative Performance Against Weakest shows the performance of the other componenets as they rise with 100 being overbought...for more information on how the model works click on to www.investrac.com/welcome-to-investrac Keep in mind that the system is based on daily data so is only valid for short term movements. And keep in mind this good advice from Grant Williams: "Tune out the noise and focus on the signal." You can be advised whenever a new blog is posted....just complete the "Contact US" tab.