From Chief Investment Officer Tom Veale,
As is shown below, last week wasn’t very kind for investors on the Long side. However, the bright spot is the Energy sector. It’s showing up at the Pumps that crude oil is back above $100 for the first time in a long time. While the Year To Date index readings are not pretty the 1 Year results seem far less painful.


Our International Signal portfolio continues to be active on the Buy side and similarly structured ETFs in our globally oriented strategies are as well. Where these components are seeing the most activity is in the European sections.
Best regards,
Tom Veale
Our MRI remains at 34 this week while the MRI Oscillator rose to +5, an indication of rising risk pressure. The MRI isn’t built to watch headline news, just the trade and value data that is affected such. It’s not sensitive directly to current events but acts as a mirror reflecting the changes in attitude.