Systems and ETF trading have taken a back seat to news and fundamentals in this wild week. We will post the final results for the most recent cycle, along with some comments, in the near future.
The TCA-ETF system signaled a sell for the final position of this cycle. The table below shows the ratings, but no sector qualifies yet as a "buy" on either a Trend or Cycle basis. We are not surprised at this, since it is not a method designed to catch tops and bottoms.
For those following our "Gong Model," the hammer has pulled back a bit farther, but no signal as yet. We have noted that many other technical models have not yet triggered, despite the rapid rebound from Tuesday’s lows.