The range between the buy and sell points is now above average. As an example, the S&P 500 range was 68 points at the low and is now 91 points. Last week the ranger was 153 so we had a big drop week over week. As volatility rises, this expands. Witness at the October low the range was 169 points.
Also, in tracking the range between the 2 year and 10 year is now 148 basis points. Short term rates are on the rise while long term have fallen. This needs to be watched. There are implications.
There are now two open positions, a buy on TRF and a buy on USO. We added a buy on iShares Core S&P 500 Index Fund ETF (IVV) and took gains on Tuesday 9/2. Recent open and closed ideas are now in the second table.
We began to offer a buy and sell strategy via our Madison Market Timing Indicator at the beginning of April of 2007. There are now 24 open and closed winning trades to 8 closed losing trades with our market timing results. We were left with one long position TRF from our original buys before launching with Uncommon Widsom Daily. This column replaces the Morning Matters on Fridays.