Last trading day – RSI bought iPath DJ-UBS Sugar Trust Sub-Idx ETN (SGG) December 31, 2010
Posted by Marlowe Cassetti in SGG.add a comment
Last night RSI generated a buy signal:
- Buy 109 shares iPath DJ-UBS Sugar Trust Sub-Idx ETN (SGG); Stop = $9.12 Target Alert = +$18.24 Volatility = 10.25%
I just purchased the requisite shares of SGG for the RSI portfolio. This buy signal was generated by a RSi trading system module that jumps on extreme price excursions, so expect this trade to be a wild ride with this fund’s 10% volatility. RSI previously picked this fund back on the November dip, but I chose not to buy it at that time due to the portfolio being fully invested. Now the portfolio has some cash reserves to reinvest.
The market is mixed today and going nowhere on light volume, but 2010 has been a good performing year. I will post this weekend if there are any more RSI signals after the market close … otherwise have a safe and prosperous New Year.
Stocks close barely changed on light volume – RSI does quite well December 28, 2010
Posted by Marlowe Cassetti in AGQ, BAL, GDXJ, VNM.add a comment
It was a yawner of a day on Wall Street, but that didn’t keep the RSI portfolio from doing quite well today. It was led by huge gains in Ultra Silver and Junior Gold Miner funds (AGQ +6.69% & GDXJ +5.38%). The portfolio was pulled down by Vietnam and Cotton (VNM -2.00% & BAL -1.58%). I’m not sure if this is very meaningful considering the low trading volume we are experiencing.
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As the year 2010 comes to a close, I will be gathering data and conducting analysis as to how well RSI performed this year. I will be presenting my findings throughout the month of January. There will be some lessons learned and maybe some new directions to pursue. After all, the RSI system has been rather static for most of the year.
There were no RSI picks for today …. Catch you later.
Market flat today – RSI picks SPDR KBW Bank Index (KBE) December 27, 2010
Posted by Marlowe Cassetti in KBE.add a comment
Although the market ended flat today the RSI portfolio turned in a nice, small gain. After the close, RSI made the following selection:
- Buy 335 shares SPDR KBW Bank Index (KBE); Stop = -$2.98 Target = +$8.93 Volatility = 4.58%
This selection complements RSI’s recent picks from the financial sector. KBE is a popular financial ETF and it sports high average volume. For the month of December, this fund has been outperforming the overall market and lately money flow is positive. The chart illustrates a strong uptrend that has reached its upper trendline and paused. I anticipate this pause will end with a good buying opportunity. It is worth your consideration.
I hope you all had a good Christmas. I certainly had a good holiday. Catch you later.
Up market day – RSI takes a hit & picks more regional bank ETFs December 22, 2010
Posted by Marlowe Cassetti in IAT, RKH.add a comment
Gold miners and cotton funds took a hit today dragging the RSI portfolio down. This certainly exemplifies the counter correlation of the RSI portfolio with the overall market. At times this is a good attribute and at other times, like today, it is a negative.
After the close today RSI picked two more regional bank ETFs. They are:
- iShares Dow Jones US Regional Banks (IAT)
- Regional Bank HOLDRs (RKH)
Since they are redundant to yesterday’s pick of KRE, I won’t provide any further analysis on this sector. It is instructive to note that this reinforces RSI’s regional bank sector recommendation.
Catch you later.
Stock indices higher today – RSI picks financial ETFs IYG & KRE December 21, 2010
Posted by Marlowe Cassetti in IYG, KRE.add a comment
A good day today in the markets and the RSI portfolio had a great day too. With that said, RSI generated two picks today:
- Buy 180 shares iShares Dow Jones US Financial Services (IYG); Stop = -$5.55 Target = +$16.66 Volatility = 3.91%
- Buy 330 shares SPDR KBW Regional Banking (KRE); Stop = -$3.02 Target = +$9.07 Volatility = 4.67%
Let’s look at these two financial sector funds. IYG invests in financial services companies. It is a bit less volatile and has substantially less volume than KRE. It has been in a good uptrend since the start of September. It had a great up-day today and it appears to have completed a nice dip presenting a good buying opportunity.
KRE invests in stocks of regional banks and it too has been in a couple month uptrend. It punched through its upper trendline and is on a tear. Both charts have similar patterns of new strength. It appears that financial funds may be back in favor with the investment community.
Will I buy either of these funds? Probably not since the RSI portfolio already holds IYF Financial iShares.
Well there you have it. Catch you later.
Stocks end mixed – Bought Market Vectors Vietnam ETF (VNM) & RSI picks OIL December 17, 2010
Posted by Marlowe Cassetti in OIL, VNM.add a comment
The week ended mixed today. The RSI portfolio had an outstanding day with strong showings in the metals and commodities.
Today I purchased a position Market Vectors Vietnam ETF (VNM). I saw some price recovery and I jumped on it. Now the RSI portfolio holds Asian ETFs in Taiwan and Vietnam. We shall see how all this transpires.
FYI – Today another module gave a signal to buy VNM.
After the markets closed RSI picked the following:
- Buy 334 shares iPath S&P GSCI Crude Oil TR Index ETN (OIL); Stop = -$2.99 Target = +$8.97 Volatility = 4.82%
This pick exemplifies RSI’s affinity for the energy sector. OIL has been in a upward sloping channel since late August. Currently it appears to have taken a pause which just might be a good opportunity for a buy. Until lately the money has been flowing into this sector. There is a good chance the upward trend will remain intact. If the RSI portfolio wasn’t already over-weighted in the energy sector, I would consider this for the portfolio.
Have a great weekend.
Stocks rise – RSI picks United States Oil (USO) & Market Vectors Vietnam ETF (VNM) December 16, 2010
Posted by Marlowe Cassetti in USO, VNM.add a comment
I guess RSI is back to its old form picking a fund a day. Today, it picked two interesting funds, so let’s get on with it. Here are the signals: ***
- Buy 314 shares United States Oil (USO); Stop = -$3.19 Target = +$6.37 Volatility = 4.83%
- Buy 215 shares Market Vectors Vietnam ETF (VNM); Stop = -$4.64 Alert = +$9.29 Volatility = 8.74%
USO is a fund that invests in crude oil futures. It tries to reflect the price movement of spot oil. Enough said. It has made a brief, few day pause. Maybe a good time to buy. Energy prices are on the way up … remember 2008?
VNM is a different animal. It is a highly volatile fund and it is taking off. It is tempting to jump in right now, but it is a bit of a crapshoot. Maybe wait until this current correction has completed.
Well, one more (and thankfully the last) Christmas party to go Friday evening. Then the weekend is ahead .. catch you later.
*** please note there has been a correction in the buy signals from its first posting Thursday evening
Market Volatility causes RSI to pick a high volatility fund – Sold AMJ December 16, 2010
Posted by Marlowe Cassetti in AMJ, IYF, UYG.add a comment
After the market closed Wednesday, RSI picked a high volatility ultra fund.
- Buy 88 shares ProShares Ultra Financials (UYG); Stop = -$11.25 Target = +$33.73 Volatility = 7.21%
It apparently was picked by the fact that it had changed from a long term downtrend to an uptrend, along with some other attributes. Let’s take a look at UYG. Since the start of December it has been beating the market and money has been flowing into UYG. The RSI portfolio already holds Financial iShares IYF but this pick reinforces the notion that the beaten down financial sector is coming back.
Sorry this post was delayed from last night to this morning. This chart was generated this morning.
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The materials and metals, which are a large part of the RSI portfolio have taken a drubbing lately. The holding in AMJ was sold yesterday. This has been an outstanding performer from the get-go, but all good things have to come to an end. Counting yield distributions accrued from its purchase on March 1, 2010 this fund was sold for a gain of 26% …. not too shabby. I wish all holdings turn that kind of performance.
Catch you later.
Stocks edge higher – A look at microcap December 10, 2010
Posted by Marlowe Cassetti in IJS, IWC, IYF.add a comment
The week ended on a positive note. The RSI portfolio followed higher too with gainers led by Small Cap Value (IJS), Microcap (IWC) and Financials (IYF). Softness in cotton (BAL), no pun intended, took a tiny portfolio toll.
There have been no new RSI buy recommendations for many days, so things have been a bit dull and quiet. No picks today too. Although some of the RSI portfolio positions have been quite volatile.
I mentioned iShares Russell Microcap Index (IWC). It did well today, so take let’s take a look at its chart. Since the middle of November, IWC has been on a nice upward leg and it has moved to the upper end of its price channel. Since it formed a bottom in August it has gained over 30%. Will this trend continue? We will only know the answer in the fullness of time, but if the money continues to flow into this fund it just might be a winner.
Have a great weekend.
Markets ended flat to down – RSI picks PowerShares DB Oil (DBO) December 6, 2010
Posted by Marlowe Cassetti in AGQ, BAL, DBO, GDXJ.add a comment
And you wouldn’t know the market was down, because the RSI portfolio had a great day today. AGQ, the ultra-silver fund, rocketed up 6.10% followed by GDXJ, the junior gold miners fund, up 2.29%. The cotton fund BAL took a -2.34% hit, but the holding is still up 6.52% since it was purchased a few days ago. Yes, this sounds like a wild ride with some of these volatile funds, but I’m just going along with the RSI system.
After the market close RSI issued the following buy signal:
- Buy 328 shares PowerShares DB Oil (DBO); Stop = -$3.04 Target = +$9.13 Volatility = 4.51%
Looking at the chart of DBO reveals that this fund has underperformed the overall market, however money flow has been positive. The share prices have been in a positive uptrend channel and are somewhat overextended in its latest move. I would wait for a pullback before entering into this recommended trade.
Catch you later.
