The MensaMonkey gave a decisive signal today and sold the
XLI in favor of the BND safe haven. I
have to admit that I like the decisiveness, but MM still has not been able to pick
up the important swing points this year, and seems to rely more on the extended
outlook which has, on one hand, kept MM in a good trade but has also kept MM in
the bad trades.
Today, the extended outlook conflicted with the post-election downdraft and Voila!, the MensaMonkey decided to stash the 20.3% gain so far and take the 0.5% loss in the XLI trade. It is clear that MM sees the path of least resistance in a down-trending or flat market...at least for today.
