Market up today – RSI picks iShares MSCI Italy Index (EWI) January 24, 2011
Posted by Marlowe Cassetti in EWI.trackback
Wow, the last time I posted to this blog was on Jan. 7th. RSI has been stone quite for many days. Despite the hit to the materials sector ETFs that populate the RSI portfolio, it has been holding its own. Today it had a great day. Let’s look at today’s pick:
- Buy 484 shares iShares MSCI Italy Index (EWI); Stop = -$2.07 Target = +$6.20 Volatility = 4.53%
RSi picked this fund back in early November. It slipped soon after this pick. I recommended waiting for a pullback and I didn’t buy it at the time. Now it has recovered from a sharp drop and zoomed up into today. Same advice .. wait for another pullback.
Catch you later, hopefully sooner rather than later.
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