Ford has triggered another buy signal. Looks like it held at the trend line and powered back up with the market. I think I will wait for a pullback before re-entering. It is these kind of delayed decisions that I always seem to regret later, as the stock moves on up without me.
SPY is still saying exit long; but it has gone up since the down signal. It looks like the slower stochastic is saying it is moving up strong but the faster stochastic says it is high and due for a pull back. As far as I am concerned, I still have a down signal and will not rush in at this point. Maybe I will miss the Santa rally! Too bad…
IIF (India Fund) also gave an entry signal. So did several currency funds such as FXA, FXC, FXE, FXF. Attached below is the latest end-of-day chart on the India fund.
No comments:
Post a Comment