Trading signal occurs in ETF model portfolio: Sell IYR, Buy ILF.
Stocks were progressing well before Dubai's debt problem hit the world on Thanksgiving day. Asia and European markets plummeted out of the fear that financial institutes and banks will tighten their lending and throw the economy off the fragile recovery. However, US stocks bounced back from the sharp drop at the opening Friday and closed the day with only 1.5% drop. We shall see how the Dubai crisis develops over the weekend but this the action from US stocks will certainly provide stabilization to the global markets when they open on Monday. The S&P 500 index was virtually unchanged this week at 1091, up 0.01%, the Dow Jones Industrial Average decreased 0.08%, and the technology laden Nasdaq composite index lost 0.35% for the week.
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 $21.79 today with a gain of 71.0% after holding it for 242 days. We are still holding FEMKX since its STO[15,1] currently stands at 86.7, 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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