Stocks failed to maintain their upward momentum. The S&P 500 index closed this week at 1076 down 3.65%, the Dow Jones Industrial Average decreased 2.94%, and the Nasdaq composite index lost 3.74% for the week. The S&P 500 index closed down below its 28 week moving average and seems to march downward to test the critical 1040-1050 level.
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 moved to cash position. The STO[15,1] of FEMKX stands at 40.2 this week below the buying threshold of 50.
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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