SPY Gives a change in Signal 12/5/12

My trading system on SPY (S&P 500) gave a change in signal showing an exit on short positions. This can be interpreted as a tepid long signal. I will place more long positions.

In addition, I saw up signals on several currencies in their end-of-day charts recently. I have taken long positions in FXA, FXC, FXF and FXE. This is going to continue to evolve into a method by which I will hedge our portfolio by placing a portion into the strongest currencies based on them showing up signals. I believe this will allow me to hedge against a potential weakness in the US dollar in the coming years in case the Fed continues to print money. I am also long in IIF and TLT. See my chart and comments on IIF in a recent post.

Despite our debt situation, I remain bullish towards the future outlook of the US. One of the reasons is that we are gaining strength in oil and gas production. The word on the street is that we will surpass Saudi Arabia for oil production by 2017. Wonder when that will be felt in the pumps or if the Iran fear factor will keep gas prices propped up for eternity?

I am holding put positions on some stocks such as SNDK. Apple got hammered today with a 6.5% drop. Intel has not been fairing well either.

Time to put more money back into long funds in my 401K now that the master switch has been pulled back to signal exit short..