Trading signal occurs in iETF model portfolio: Sell EWW, Buy EWM.
There is an old stock adage, Sell in May and walk away. This May so far has been brutal. All major indexes fell below their 28 week support lines this week signaling an intermediate down trend. The S&P 500 index closed this week at 1087 down 4.23%, the Dow Jones Industrial Average decreased 4.02%, and the Nasdaq composite index lost 5.02% for the week.
Europe is in a shamble and China is in a slow down. This time, US is in a recovery mode and has to lead the world out of this economy crisis. Although the stock markets have been under severe selling pressure, our holdings in SSPP and SELECT model portfolios still maintain the positive momenta. Hopefully they can survive this down turn and come out profitable.
1 comment:
Thanks for sharing this information's.
Hoping to get more updates. :)
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