Market update

Just writing a quick post as some subs got in touch to know what they should do now... the answer is that I just don´t know as I do not know why you opened your positions and I have no certainty about the future either. If the reason you opened your position is because you are following the model, then you should exit as the model gives you a sell signal.

No change in the big picture, we remain very bullish mid-term (next 18 months). However, we need to respond to the data as it unfolds and all short-term indicators are pointing bearish, so we went on cash yesterday as stated in the weekly update.

Till we get a clear breakout or a big positive news catalyst, it's best to go easy on risk-taking. Remember, hope is very human but not a strategy that usually works in markets.