The market was encouraged by the Federal Reserve's lowering of the interest rate to 0 - 0.25 %, a historic low, and Bush's announcement of the 17.4 billion auto rescue plan. S&P 500 index went up 0.93%, NASDAQ composite went up 1.53% for the week. Government's stimulus actions will take sometime to work their way through economy. Hopefully it will be sooner than later.
Here is an update for our FEMKX timing model using stochastics. We have moved to sideline since 6/13/2008. FEMKX closed this week at $13.01 with weekly STO[15,1] standing at 15.14 way below the buy signal of 50.
FEMX Trading Log
Fund Buy On Buy@ Sell On Sell@ P/L
FEMKX 03/26/07 $25.15 08/06/07 $29.53 17.42%
FEMKX 09/10/07 $28.98 12/28/07 $33.82 16.71%
FEMKX 04/28/08 $31.73 6/13/08 $30.81 -2.90%
CASH 06/13/08 $1.00
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