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Banks Back to Cash After a Week Bearish
Posted on November 02, 2012 at 19:35 PM EDT
One signal takes effect on next week's open of trading based on the latest data on trader positioning in the weekly Commitments of Traders reports.
My trading setup for the
BKX U.S. Bank Index
, a benchmark for U.S. financials, goes to cash after a week being bearish.
All other signals remain the same. What are they? Why, see my newly updated
latest signals table
for all the details.
Hope readers in the areas affected by Sandy are okay, and good luck next week. Should be loads of fun with the U.S. election Wednesday!
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