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I have not given up on energy, as we have entered a seasonally strong period for it. I am also watching gold, but hoping for a correction in order to find a good entry point. Agriculture and natural gas are also beginning their strong seasonality.
Apparently, we have had too much rain for natural gas to be of great interest, at least according to one analyst. He suggested that natural gas is used to supplement electricity needs. So, despite the heat waves we have seen over this summer, water reservoirs are filled sufficiently to provide enough hydro-electric power that we do not need large quantities of natural gas for power generation. Huh, who knew!
If you are wondering about the reversal in XIU in my chart, it is because, as a market timing tool, we would not hold it below the 200 day moving average. Since the 200 d. m.a. was still rising in July, selling XIU at it's latest cross downward through the 200 d. m. a. protected profits from earlier in the month.
Anyone want to share their returns for the year?