Here’s the latest bull bear report detailing the trend following system that I outlined in the last bull bear report. I will release this report every month since the data will change with each new monthly data point. As we can see from this report the Euro and the Swiss Franc have moved back into bear markets. I will say that both the Euro and the Swiss Franc have been in multi-year choppy bear markets so I would take this new signal as just a continuation of their choppy bear markets.
Other than that the equity bull markets and commodity bear markets continue. The bear market in copper is now over 3 years old if you go back to the early 2011 top in copper. If you look at a chart of copper though you’ll see a tight consolidation range that I think could produce an end to this bear market in copper that is getting late in the tooth. I’m interested to see if commodities will hold up in September and if they do I think the recent damage was just a retest of the bottom.