Stocks gain as confidence falls less than feared – Sold VNM & bought EWV March 29, 2011
Posted by Marlowe Cassetti in EWV, GAZ, VNM.trackback
Stocks finished broadly higher Tuesday after consumer confidence fell less than some analysts had feared. All 10 company groups that make up the S&P 500 index rose by more than 0.3 percent.
As I described in yesterday’s blog entry, I sold my position in Market Vectors Vietnam ETF (VNM). Also, this morning my online broker signaled me that EWV had broken out, so I bought ProShares UltraShort MSCI Japan (EWV). That pretty much loads up the RSI portfolio and reduces the money market account. I will wait for another sell before the next buy action. The RSI portfolio had a good gain today.
********************************************************
RSI issued a buy signal for GAZ today. It was generated by a different module that issued the recent successful 2.8R trade that was closed on 3/24. I have not to publish the new buy signal for GAZ…. editor’s prerogative, but I will continue to monitor it. It took a nasty tumble today and the module liked the reaction. We shall see in the fullness of time.
Catch you later.
Comments»
No comments yet — be the first.