RSI keeps on picking; SPDR Barclays Capital International Treasury Bond (BWX) & iShares S&P Global Materials (MXI) August 17, 2010
Posted by Marlowe Cassetti in BWX, EWZ, MXI.trackback
The last few days have been very good for the RSI portfolio. Strong three day gains have been very welcome. Today ISHARES MSCI BRAZIL(EWZ) was up over 3%. Three day’s good performance is really random noise, but it does move the ball down the field and in the grand scheme of things it moves us closer to our ultimate goal.
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Okay, here are today’s RSI picks:
- Buy 228 shares SPDR Barclays Capital Intl Treasury Bond (BWX) Stop = -$4.37 Target = +$13.10 Volatility = 3.05%
- Buy 121 shares iShares S&P Global Materials (MXI) Stop = -$8.20 Target = +$24.59 Volatility = 5.54%
And their charts:
Talking about buying on a dip, this is a great example. For that reason alone I like this ETF. Unfortunately it had light volume today and it pays a yield under 1%, and it is a bond fund? On balance it is in a great sector and worth a look,
Speaking of great sector, global materials has to be a long term positive trend. And here is another classic dip to buy. Again, it is worth a look.
As with anything mentioned in this blog, do your own homework.
Catch you later.
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