The weekly systematic trading report includes open positions, new signals and year-to-date performance of seven trading strategies. Access to article requires Market Signals or All in One subscription.
Note to subscribers: This report includes per symbol performance charts of MRDOWW and DOWWN strategies from 01/04/2017 to 09/24/2021.
Market Recap and Comments
Stocks (SPY) finished the week with a gain of 0.6% after dropping as much as 2.8%. Commodities (DBC) gained 0.8% after falling as much as 2.3%. Gold (GLD) was down 0.3% after another failed attempt for a rally and gains of up to 2.1% during the week. Bonds (TLT) shed 1.5% despite gains of 1.8% by mid week. DBC is up the most (+35.5%) year-to-date while GLD is down the most (-8.4%.)
Last week I wrote:
[I]n the meantime the uncertainty may impact markets especially when amplified by mainstream media and various pundits who serve their own agenda.
Not too long ago, mainstream media was mostly bullish stocks because the public was optimistic about the future. Nowadays, large part of mainstream media is looking for clicks from a rising percentage of the population that sees the markets as a tool of inequality and oppression. This is the reason they often entertain numerous delusional individuals posing as market analysts who bombard the public with their illogical catastrophic scenarios. However, the public is smarter than mainstream media at this point and they have access to multiple sources of information. Mainstream media and their pundits are suffering from irrational escalation bias as they see their scenarios of market catastrophe not materializing in the last 10 years. A bear market could occur and will occur at some point and many of those delusional individual may try again to claim victory but scripta manent. Meanwhile, developing and following strategies is hard as it has always been.
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