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Thursday Outlook: Commodities, Global Markets

On the long term positioning question, one of the interesting things about DF's recent monthly charts is that the MACD still seems to work. I use MACD as a slightly lagging short term trend confirmation on daily charts, but would never have guessed a 12-26-9 period indicator would have any value over years. An investor in SPY or EWJ above (which have long enough historical data) who waited couple of months for really strong MACD crosses would have hung in through the noise and caught the major trend reversals in reasonably good time. I'm filing this idea for future reference and more back testing, as I weary of life in the Yellow Submarine below the 200SMA.