Seasonality at this time of year favours Energy, Gold, Agriculture and Natural Gas. The heat wave has done it's part in driving up the price of Natural Gas. Energy companies and Agriculture have also shown some signs of improvement. I continue to watch gold closely for signs of a turn-around. Despite the political rhetoric, I remain unconvinced we have seen the worst in this year's markets. I see opportunities for profitable trades, but am still monitoring the 200-day moving averages closely. The TSX index remains below it's 200-day moving average while, currently, the U.S. markets seem to have their 200-day moving average as the bottom of a trading range.
19 month return for TSX @ July 31, 2012 = -13.32 percent
Return for Basic Timing Model Using XIU = 8.41 percent
Return for Advanced Timing Model = -4.36 percent
Money for charity = $0.00