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Trading signal occurs in FEMKX timing system, Sell FEMKX, Buy Cash.
Strong companies earnings reports especially APPLE's blow out quarterly earnings boosted investors' confidence. The SP 500 index closed this week at 1403 up 1.8%, the Dow Jones Industrial Average gained 1.53%, and APPLE push the Nasdaq composite index up 2.29%. Apple's stocks were trading at intra-day low of $555 on Tuesday and went up more than 10% to the highs of $618 on Wednesday after its earning report.
Our FEMKX timing system has issued a sell signal to move to the sideline. Fund price of FEMKX has stalled for two months with downward bias since end of February. The momentum indicator STO[15,1] has dropped below the sell threshold of 75 this week. In the weekly chart, FEMKX is approaching its 28 week moving average. It will have opportunity to rebound from that support, but for now the system is suggesting a wait and see position at the sideline.
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