After failing to close above DOW 10000 for 2 weeks, stocks failed to rebound this week and ended up with big loss as investors took profit. The SP 500 index closed this week at 1036, down 4.0%, the Dow Jones Industrial Average decreased 2.6% for the week, and the Nasdaq composite index lost 5.1%. All the indexes are testing their 13 week trend line. A successful testing of the support will ensure the continuation of the up trend. For S&P 500 index, the next support after the 1033 short term support is the 28 week trend line at 994 level. The close proximity to 1000 makes it a more critical support.
Here is the monthly 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 FEMKX on 3/30 at $12.31. FEMKX closded at $20.68 today with a gain of 68.0% after holding it for 214 days. We are still holding FEMKX since its STO[15,1] currently stands at 82.9, above the selling threshold of 75.
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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