Positive month

Well the curtain has drawn down on July and as it turned out to be an interesting month. I ended up doing a similar total to last year, but more notable was that my strike rate shot up into the high 80’s this month. It’s the first month that I have used the new market overview screen permanently. Coincidence, possibly, but in a long shallow declining trend this month sticks out like a sore thumb; I hope it continues into August.

My overriding memory of last year was the nightmare at York when the meeting was abandoned. Not the only races to be lost to the weather. I really hope that the same doesn’t occur this year. Fingers crossed.

I started investing with some vigour again this month and even took an up bet on the FTSE index at the start of the month. I’ve been following a long term sentiment indicator and it turned positive as we exited last month. It doesn’t send a signal out often but when it flashed last month I felt I didn’t have much to lose by following it. I’m not into market timing really, but this indicator only gives out signals years apart so I thought it made sense to pay attention. The FTSE has since risen 9% on the month! I think we have a long way to go potentially on the next leg up on the market, but I will wait for the current euphoria to die down before adding to my positions.

You may be interested to know we are currently experimenting with similar indicators in Bet Angel. There are a fair few differences between the way both markets act so I am not sure if we will find anything useful, but it’s worth a try.

Category: Using Bet Angel