We are maintaining our short positions in the broad stock market in spite of its recent rallying as most of the indicators I study are still strongly bearish for this market. Investor jitters about the impending "fiscal cliff" are also a bearish influence at this time.
Our cautious approach to crude oil continues as the surge up from last week has quickly lost all of its gain proving again how volatile oil prices can be during conflicts in the Middle East. We will continue to stand aside this market for now.