I haven’t done free trials for you misers in a while. Consider this your sneak peak into a world of winship.
Let me preface the recent OS signal by Exodus with the fact that it’s missing all of the classic tenets of a truly horrible tape. The commodity debacle is the primary reason for the oversold condition, as evidenced by the lack of OS signals in some of the major ETFs. We did not get an OS in SPY, QQQ or even crude. As a point in fact, ERY, 3x bear oil, was OS just a week ago and is working swimmingly since.
The only notable ETFs that are OS are IYT (trannies) and FEZ (euro stoxx 50). In the case of FEZ, the 12 mo track record for our algos are 14 wins, 1 loss, with an avg return of 3.65%.
However, it’s important to note, despite the absence of big ETF signals, the overall hybrid score is flagging oversold. As such, we must adhere to the non-negotiable laws of mathematics, supremely and sublimely perfected by the Exodus algorithms, and remain long and add to this treacherous market.
The 36 mo track record for the principle oversold algorithms stands at an impressive 77%.
If you enjoy the content at iBankCoin, please follow us on Twitter
Just need a nice green day or two to clear out the oversold conditions and then whipsaw right into the Fed next week for another daily decapitation. Oh, and then there’s the “tax loss selling” excuse to be bludgeoned by after that. Santa rally looks like it could be ground coal dust (extra $BTU).
should be a great Xmas
Exodus wins again,! nice bounce today.