A derivative of Mebane Faber's 10 month SMA approach, with filter bands added to reduce whipsaws; BUY when the monthly. line exceeds the 2% upper band, SELL when the monthly line penetrates the 2% lower band. A la Ransom Reynolds from the Public Chart List on stockcharts.com. SPX hasn't penetrated the lower band "yet." The following ETFs have already penetrated the lower band: EFA (EAFE index), EEM (Emerging Markets Index), ILF (Latin American index), DBC (Commodities) and XLE (Energy).
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