The past week was a good week for the financial markets. The BFIA fund is up 3.3% so far this month. However, since May the markets have note been able to sustain a long positive up trend. Below you can find our agent-based indicators for the last several months. It shows that the US has been in the range of .77 to .86 for the last several months. If we stay in that range it means there is little more upside and a high probability of downside to come since the US is currently at .846. Since BFIA fund is not a trading strategy we are remaining long, but we recommend to be cautious for the next several weeks.
Our long behavioral indicators are still bullish on India and Malaysia. Since we purchased Malaysia in August we are up over 10% even over the month of August which was a horrible month for the US stock market. South Korea, Turkey, and South Africa are also markets we are over weighting. We still see some bullishness left in US high yield bonds and less in US government bonds.
5/16/2010 0.84867
5/23/2010 0.8698
5/30/2010 0.82752
6/6/2010 0.83135
6/13/2010 0.80929
6/20/2010 0.83315
6/27/2010 0.85641
7/4/2010 0.82415
7/11/2010 0.77513
7/18/2010 0.82649
7/25/2010 0.81462
8/1/2010 0.84754
8/8/2010 0.84509
8/15/2010 0.86223
8/22/2010 0.82405
8/29/2010 0.81916
9/5/2010 0.81119
9/12/2010 0.84639
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