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LOOK REPORT #41: Background: This Qwik Look Report # 41 is an update to our short term trend predictions from Oct 2006. The results are based on a specialized (trend following – does not use cycles) code utilizing short term turns. It does not get you out at tops or in at bottoms (but one can use cycles and other turn indicators to estimate timing of a coming turn). Some of the commodities such as corn and wheat have enjoyed an exceptional rally over the past several months since the trends were presented in Oct 2006. The major market indices have also continued to trend upwards but many of the stocks may be now starting to break-down so caution is warranted. The code is not based on a moving five-day average but use a special weighting algorithm over the daily closing prices and has been extensively back-tested ( and traded) on the Russell Index as well as S&P 500 Index and NYSe Composite Index. It has been very successful in actual trading for several years. Its application to commodities and currencies is relatively new business. The results being presented are already several days old and are intended only as guidelines (to try and increase the probability of successful trades) for your financial decision making. As always, do your own due diligence before making any decisions. In the future I will just present the Table of Qwik Look Trends without commentary. Table 1 Qwik Look Trends: The following (i.e., represents ongoing research) table is to be used a screening tool for short term trends only in currencies, bonds, commodities and some stocks. It involves some specialized codes (under testing) to help stop being whip-sawed in/out of markets/stocks. Some of these equities can turn on a dime such as currencies and commodities which should only be played by the professional/experienced traders. Oterh items tend to persist in much longer term trends (such as major markets). The results presented have absolutely nothing to do with any intermediate or long-term trends/cycles in the markets or equities. In actual practice, the code needs to be run each day. However, it did identify some Asian ETFs are continuing to run strong and the upward trends in our major markets (from Oct 2006) are still intact. Table 1. QWIK look trends for Feb 06, 2007
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