These days, most of the time, it’s where short covering is the biggest driver of the reversal and can push markets back up to resistance levels very quickly. But that’s where short sellers see if that resistance holds. If that resistance is exceeded, they cover some more.

Nevertheless, there is a reasonable chance for markets to try and rally, even if it’s more of a choppy ride like we had in May. This old bull is getting tired and its failed rallies are really starting to show its age. In its younger days, short term rallies climbed 4 to 6 weeks with steady gains. However, these days this old boy can only keep it up for a week or so before his legs begin to buckle. It will try to get going again, but lacks the energy.

Six and a half years of a bull run may turn into 7 or slightly more because this bull isn’t going down easily, at least not while the Fed still has its bag of tricks. They’ve already injected the economy with the ‘steroids’ of low interest rates, force fed it with Quantitative Easing (which means printing money), and have been propping up the economic numbers for years.

At some point in the near future, the Fed will announce the inevitable: increasing the interest rate.

Please note that Historical Trades for US and Canadian Index Trader Systems have been recently posted on our website.

Signal Pages Snapshots

U.S. Index Trader:

Symbol Signal Date Entry Date Entry Price Stop Price Latest Closing Dividend Gain/Loss $ Gain/Loss % Action
TLT 7/29/2015 7/30/2015 $121.21 $118.80 $122.53 $1.32 1.1% Stay LONG

Canadian Index Trader:

Symbol Signal Date Entry Date Entry Price Stop Price Latest Closing Dividend Gain/Loss $ Gain/Loss % Action
XLB.TO 7/29/2015 7/30/2015 $24.09 $23.70 $24.35 $.0.26 1.09% Stay LONG

US Equity Sector Portfolio

In Cash

US Bond Sector Portfolio:

In Cash

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