A down day for the markets – Sell issued on Market Vectors Vietnam ETF (VNM) March 28, 2011
Posted by Marlowe Cassetti in VNM.trackback
Stocks sold off today, not big, but a decline nevertheless. The RSI portfolio fell along with the market.
Normally, RSI relies on stop signals to exit a position. However, there are a few times when a particular module issues a “no stop” sell signal. Today is such a case since RSI issued a sell on its Market Vectors Vietnam ETF (VNM) position. I will take the appropriate action tomorrow and sell VNM. It has been a poor performer and after the close today it was sitting on the -0.75R level.
There were no RSI buy signals today. Catch you later.
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