One Step Forward, One Step Back

The 'no trade' signal was triggered at the close today leaving the CMI with a +0.2% gain although the actual result will be based on tomorrows open. The good news is of course that trading and timing this well left us holding a 10% gain. Chalk one up for trading. Also, true to form, the method did not show a loss. The over-bought condition last week and the low volume were the key to selling off early enough to take a nice profit.

I will now keep aligned with the CMI by sitting and waiting for the next signal. This could flip right around for another QLD buy or reverse direction over the next few days and set up a buy into the QID. Only time will tell and anticipation of either move would not be justified.