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Weekly Signals Update – August 2, 2021 [Premium Signals]

The weekly systematic trading report includes open positions, new signals and year-to-date performance of seven trading strategies. The report also includes a commentary about the strategies and market. Access to article requires Market Signals or All in One subscription. 

Market Recap and Comments

Stocks (SPY) finished the week down 0.3% after falling as much as 0.9% on Tuesday. Commodities (DBC) gained 1.8% on the week after rising 2.4% on Thursday. Gold (GLD) rebounded to close with 0.7% gain. Bonds (TLT) ended the week up 0.7% after falling as much as 0.4%.

Other than in commodities markets, there was no much action as we get to August and market participants are considering taking a break away from the markets. If that’s not going to be the normal vacation of the past due to the pandemic, at least some may be staying home working on improving living conditions during what appears to be inevitable according to MSM: the fall lockdowns.

Last week I wrote:

The stock market rally is mainly fueled by passive index funds and it will probably take more than fundamentals for a change in trend. Short-term direction in the bond and commodities markets is uncertain although the latter had an upward bias this week.

Strategy Performance Recap

The average weekly change of the strategies was 0%. Two strategies gained and four were down by less than 0.2%.

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