The weekly systematic trading report includes open positions, new signals and year-to-date performance of seven trading strategies. The report also includes a brief 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 up 0.6% after falling as much as 2.2%. Commodities (DBC) plunged 6.1% and finished the week near lows. Gold (GLD) finished the week up 0.2%. Bonds (TLT) rose 1.3% after falling slightly negative.
Last week I wrote:
The highest probability scenario at this point is a correction in stocks and more gains in bonds. Commodities and gold are more uncertain.
Uncertainty in commodities combined with crude oil losses triggered a sell-off that will probably continue into next week but then this market will become oversold. The odds are in favor of increasing volatility in stocks and bonds. Gold is pretty much financialized and eventually may follow stocks.
Strategy Performance Recap
The average weekly change of active strategies was -0.4%. Two strategies were up and three were down on the week.
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