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Trading signal occurs in FEMKX timing model: Sell CASH, Buy FEMKX
Investors turned their attention to the August 2 deadline for US to raise it debt limit. With political bickering going on in Washington, the uncertainty dragged down the stock markets. The S&P 500 index closed this week at 1316 down 2.06%, the Dow Jones Industrial Average lost 1.4%, and the Nasdaq composite index decreased 2.45%. After breaking the trend line on the upside, all major indexes came back down to test their support this week. The rally will continue, if the trend lines are successfully tested in the next couple of weeks.
After staying at the side line for 2 months, the FEMKX timing model has issued a buy signal again. The system uses the technical indicator, slow STO[15,1], as trading signals. The model will buy FEMKX when its slow STO[15,1] climbs above 50, hold the fund for at least 30 days and sell the fund if its slow STO[15,1] falls below 75. The trading record of FEMKX timing model can be seen in the Select_Log page. FEMKX recently broke its trendline an its slow STO[15,1] went up to 53, above our buying threshold. Our last trade produced a minor loss due to market volatility. Hopefully this trade will be profitable.
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