Trading signal occurs in FEMKX timing model: Sell FEMKX, Buy Cash.
Fear prevailed on Wall street and the major stock indexes plunged again. The S&P 500 index closed this week at 1123 down 4.69%, the Dow Jones Industrial Average lost 4.01%, and the Nasdaq composite index decreased 6.62%. Technically S&P 500 index is at the short term support level around 1100-1120. I hope the support level can hold and the index can stabilize at this level.
Our FEMKX timing model has issued a sell signal. Its momentum indicator, STO[15,1], has failed to reach beyond 70 after climbed above 50 a month ago and dipped below 50 again 2 weeks ago. After holding the fund for 32 days, we will take the loss for this trade and move to the side line.
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