Market flat today – RSI picks SPDR KBW Bank Index (KBE) December 27, 2010
Posted by Marlowe Cassetti in KBE.trackback
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.
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