Factor Update, February 5, 2017
Markets featured:
EUR/NOK — downtrend is well established, but is it overdone?
German Bobl — long-term outlook is down, but near-term outlook is unclear
AUD/USD — could this be the next big move in the currency markets
FAST — My rule is to never carry a losing trade home on Friday
FTSE — bull back stopped just shy of my buy point
Mpls Wheat — New crop July Wheat is a buy
NASDAQ — could be in blow off stage
Sugar — a history of boom-to-bust-to-new boom cycles
India Nifty 50 — the bull trend is back
Copper — failed at critical resistance
Lumber — major breakout
In this Update I also discuss the current Factor trading drawdown. A link to a wonderful presentation on risk by Peter L. Bernstein (author of “Against the gods, the Remarkable Story of Risk”) is provided.
