SPY (S&P500 ETF) gave a buy signal using my ICE trading
system. This particular system is slow to react and less jerky but it has been
a little slow in response time lately. My mistake would be to abandon it and
move to something else.
The trading system I use on DIA (Dow Jones 30 ETF) is my own
creation. It gave an entry signal much earlier. I used that to sell put option
spreads. The notion being that with a long signal indicator on DIA, it will likely
move up or go sideways and give me better odds to sell option put spreads on
the down side. The risk is capped using a spread and time decay is in my favor.
See charts below on SPY and DIA.
My 401K monthly analysis on my current employer’s fund
options suggests that I should put my monies into mid-cap funds, mainly the WFA
SPL Midcap VL and NB Midcap GRTH TRUST. The Spartan 500 Index follows behind
these two.
My previous employer’s 401K monthly analysis shows the
strongest funds to be Fidelity Growth Co, Artisan MidCap VL INST and Fidelity
Contra fund.
I am back in the game.
No comments:
Post a Comment