The VLE closed above the 25dema and the 25dema has advanced two consecutive days giving us a buy signal. We will go long on the open with the VLA System.
The Cabot Tides System issued a short exit signal today as 3 of the 5 indexes closed above their respective 25demas and the 25demas have advance two days in a row. Therefore, we will exit the short position of the Cabot Tides System tomorrow on the open.
The monthly trend is still down and this rally looks like a bear market upward correction. It may be choppy, so be prepared.
Later on we will examine filters that can be used to reduce whipsaws. After a strong start to the year in January with our short signals, we have been chopped up on the VLE signals.