Sigma-L - Market Cycles

Sigma-L - Market Cycles

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Sigma-L - Market Cycles
Sigma-L - Market Cycles
SPDR S&P Metals & Mining ETF (XME) - 11th December 2023 | @ 77 Days | + 8.21%
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Metals

SPDR S&P Metals & Mining ETF (XME) - 11th December 2023 | @ 77 Days | + 8.21%

Last trade: + 8.21% | 'B' class signal detected in SPDR S&P Metals & Mining ETF (XME). Running at an average wavelength of 77 days over 14 iterations since January 2021. Currently peaking.

Dec 11, 2023
∙ Paid
2

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Sigma-L - Market Cycles
Sigma-L - Market Cycles
SPDR S&P Metals & Mining ETF (XME) - 11th December 2023 | @ 77 Days | + 8.21%
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Instrument Summary

The SPDR S&P Metals & Mining ETF (XME) is an exchange-traded fund that focuses on companies in the metals and mining industry. It provides diversified exposure to this sector. Holdings of XME include Nucor Corporation, Freeport-McMoRan Inc., Cleveland-Cliffs Inc., United States Steel Corporation, and Alcoa Corporation.


ΣL Cycle Summary

This sublime example of the 80 day nominal wave, upgraded to an ‘A’ category signal due to its spectral separation (see below), traced out a bullish price move during the recent up leg. The next trough iteration of this component is anticipated to be mid January at the current calculated wavelength (+- FM).


Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.

Type: Buy - XME 31st October 2023
Entry: 31st October 2023 @ 49.46
Exit: 11th December 2023 @ 53.52
Gain: 8.21%


Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: A - learn more
Average Wavelength: 77.49 Days
Completed Iterations: 14
Component Yield Over Sample: 219.74% - learn more

Time Frequency Analysis

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