So I'm using a "proprietary" model of sorts to help me with the momentum fund that I've been playing around with. I haven't had a lot of luck with momentum stocks in the past. I think the volatility is too much for me most times. But I keep getting back on that horse. My current foray isn't doing super hot at the moment, but it's probably doing a bit better than my previous attempts. One of the hardest things to do is follow the model when you don't feel confident. Right now, the picks are all commodities based. I think at best the commodities market is in for some real volatility and probably not a lot of forward motion. At worst, it will begin a clearly defined downtrend. I figured if I started this pseudo fund at the end of the commodity bull run, that's just simply bad luck. It may also be a testament to how well this fund can be.
So with all of that being said, the model says to buy CLF tomorrow. Please remember that this proof of concept is all on paper and that you should never follow my advice or picks. This is strictly for discussion and hopefully provides a learning experience for all.