Last trading day – RSI bought iPath DJ-UBS Sugar Trust Sub-Idx ETN (SGG) December 31, 2010
Posted by Marlowe Cassetti in SGG.trackback
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.
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