My
trading system on SPY (S&P500) flashed a down signal. This is about the 3rd
time it has put in a buy signal only to turn around, take a small loss and head
to the exit. Eventually one of these will be a big down trend. As for me, I am
mostly out except for my entry into an emerging market fund in my 401K in a
small quantity that is underwater. Emerging markets has a down signal also of
course and it is only the ridiculous Fidelity 30 day rule in my 401K that has me
in it and feeling the pain. I hate these rules the big companies put in to stop
us from doing what we want with our money when the real crooks are those that
concoct the fancy schemes to dupe the public.
I am attaching a couple of charts on SPY and QQQ… Both show
down signals now. Real estate funds like IYR or VNQ have been taking big hits. So has the commodity index DBC or ETFs like GLD or NUGT. The US dollar UUP has been rising inversely. Ford took a big hit today; but it too has been showing a down signal for a while and there was plenty of room to exit. I do see strength in GD (General Dynamics). Must be the ISIS strikes pumping it up. But mine is not to reason why...
I can't stand the 401k trading rules either. My company has a 60-day rule! Ugh!!
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