TTT Update

Since the last TTT, dated July 12th, nothing has changed in the markets and in our outlook, so we have not wished to bother readers by saying we've nothing to say.

The DJIA remains in a downtrend, below key averages, and is in the red for the calendar year, thus our in-depth study from last issue remains valid and is the basis for our current outlook and positional balance.  So too vis-a-vis our study of gold last issue and subsequent update in this blog.

Some trades have been triggered since last issue, most notably short re-entries on RIMM and SH at $57 and $51 respectively.

When the June 15 issue was sent to you, markets were falling hard and we predicted a rally.  The rally began the very next day.  We presented a study of an index of the 100 largest international companies and wrote that we expected the rally to end corresponding with that ETF "in the $58 to $61 range at best".  The subsequent high was $58.18

All commentary, targets, and entry/exit points from recent issues remain in effect. 

The next TTT will likely be sent by the middle of next week, unless markets force our hand sooner.