ANNOUNCING RSI LONG/SHORT – RSIx November 30, 2009
Posted by Marlowe Cassetti in Blogroll.trackback
U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai’s debt woes will be contained.
Shortly before the market closed, Dubai’s largest company said its planned restructuring of some units involved $26 billion in debt, easing some concerns about the size of Dubai’s financial problems. (commentary courtesy of Caroline Valetkevitch)
Are you a bull or a bear or maybe neutral? Most investors have a conviction that places them in either the bull or bear camp. I try to have an agnostic conviction and I try to be open minded when it comes to the direction of the market. Why do that? Because I don’t want to have my preconceived notion bias my execution of RSI’s recommendations. Does that make sense to you? It takes a good degree of fortitude to remain objective and not to be swayed by intuition.
RSIx – This is a system that I have been working on for the past couple of months. It is a trend following system that operates on a small portfolio of ETFs that incorporate an index plus its short cousin. In addition to this pair is the pair of its double leveraged funds. Triple (3X) funds are excluded. This new system, RSIx, has excellent statistics, such as risk/reward, trade expectancy, win loss ratio, etc. Except, for reasons I won’t go into, the numbers are based on a couple dozen trades rather than the hundreds we see with the standard RSI system. This reason gives me a bit of reluctance to share RSIx picks and to trade these results. Remember the distinction is that RSI has no leveraged funds and RSIx includes 2X leveraged funds.
With all that said both RSI systems had no recommendations today. Stayed tuned for more progress. Catch you tomorrow.
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