This week marked the end of earning season. Good company earning reports have rallied the stock market for the third weeks. The SP 500 index closed this week at 987, up 0.8%, the Dow Jones Industrial Average increased 0.9% for the week, and the Nasdaq composite index gained 0.6%. The second-quarter GDP dipped only 1%, indicating that the recession is about to end and the economy is going to grow again. According to the news report, the "cash for clanker" stimulus program which gives upto $4500 for consumers to replace their old vehicles has run out of the money in the first week due to its success. Hopefully, the boost in car sales can ignite the consumer spending and pull the economy back to its growth path.
Here is an update for our FEMKX timing system. We will buy FEMKX if its STO[15,1] climbs above 50, hold at least for a month, and sell it if its STO[15,1] falls below 75. We bought into FEMKX on 3/30 at $12.31. FEMKX closded at $19.11 today with a gain of 55.2% so far! We are still holding FEMKX since its STO[15,1] currently stands at 96.3.
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 3/27/09 $1.00 0.0%
FEMKX 03/30/09 $12.31
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