We are so glad that May is over. Stocks suffered the worst monthly lost since February, 2009 and the worst May performance since 1940. We can only hope that investors have a better mood when they come back from long weekend and start June with optimism. The S&P 500 index closed this week at 1089 up 0.16%, the Dow Jones Industrial Average decreased 0.56%, and the Nasdaq composite index gained 1.26% for the week.
Here is the monthly update for our FEMKX timing system. This system has timed the market pretty well in the past. We will buy FEMKX if its slow STO[15,1] climbs above 50, hold at least for a month, and sell it if its slow STO[15,1] falls below 75. We sold FEMKX on May 10 at $22.37 and move to cash position when its slow STO[15,1] fell below 75. For this trade, we held it for 56 days with a loss of 1.11%.
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 06/13/08 $30.81 -2.90%
CASH 06/13/08 $1.00 03/27/09 $1.00 0.0%
FEMKX 03/30/09 $12.31 01/25/10 $21.96 78.4%CASH 01/25/10 $1.00 03/15/10 $1.00 0.0%
FEMKX 03/15/10 $22.62 05/10/10 $22.37 -1.11%
CASH 05/10/10 $1.00
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