Reference Portfolio as of the 4th of August

Well, the system remains on the sidelines as it did the week before on the 29th of July and on the 22nd of July as well. I was not away, but a bit tired to write "not in the market" even though not being in the market is as much of a decision as being LONG or SHORT !

Still on the money market so far and the account update stands as:

Actions
Nothing

Account general informations
NAV: 10 759 650,20
Market Expo: 0,00
Open Positions: 0

Actual portfolio (included today actions)
Nothing

The situation on the world markets has pretty much changed since the last update so I include hereafter a new analysis. The format of the table has been slightly adapted to include additional information. For each market, characterized by an index, is indicated whether the market is BULL, NEUTRAL or BEAR, since when is the case, whether the market is considered for TRADING (LONG/SHORT/SIDELINE) or INVESTING (LONG only) and since when. SIDE means that the system remains on the sidelines, i.e. not in the market.

Hope it helps.