There was not much change in today's markets from yesterday.
Gold and silver prices are rising a bit, but momentum is still strongly bearish so we are holding on to our short positions into next week.
We are not getting that bearish signal from the S&P 500 that we were expecting today so we will continue to stand aside the broad stock market and wait to see what happens next week as we approach the March 1 sequester deadline. As mentioned in yesterday's blog, the price of the industrial metal copper (a reliable bellwether of the economy) is very weak and may be starting to break down. If it does, the broad stock market may follow.
The chart of the U.S. Dollar Index flashed a strong bullish signal today indicating very strong upward momentum. This supports our idea that the Swiss Franc is moving towards a deeper correction which we are looking to buy.