Market Timing – Weekly Stock Market Update
Posted: October 3rd, 2009 | Author: admin | Filed under: Uncategorized | Tags: Couple Days, Current Market, Dips, E Mail Address, Economic Numbers, Fridays, Market Fundamentals, Market Timing, Market Updates, Profit Margin, Retracement, Rsi, Sentiment, Spy, Stock Market, Subscribers, Thursdays, Time Of Year, Timely Market, Volatility Index | No Comments »The following emails went out over the last several weeks to our subscribers. If you would like to receive more timely market updates, go to the FREE TRIAL page and enter your name and e-mail address where it says join BuyandHoldisDead.com.
Due to the volatility in the markets I have included the current Market Update that went out to subscribers.
Weekly Market Update 10/3/09
Our profit margin took a hit this week. I have moved the stop for all long SPY positions to 101.49. This stop was sent out in a mid-week update. If we get stopped out we are sitting pretty close to break-even.
The Volatility Index or VXO as spiked higher and generated a sell signal for the SPY. This is part of the reason I am leaving our stop right below Fridays low. I don’t want to get caught long if the market decides to sell off sharply. The RSI, which is one of my favorite indicators, is very close to indicating a change in trend. On Friday the 14 period RSI closed at 43.17. If the RSI closes below 40 for more than a couple days, I would no longer be looking to buy dips.
Mid-Week update sent out 10/2/2009
The market is expected to open down another 1% today. This is on top
of Thursdays sell-off. This is not the time of year I like to see
Sentiment and economic numbers change.
I recommend exiting all long SPY position with a sell stop @ 101.49.
If the market fundamentals improve we can always get back in later.
Weekly Market Update 9/27/09
I am leaving our sell stop at 100.32. We have reached a point in this retracement where it is safe to consider adding to our long position with limited risk on the down side. I am only looking to add an additional 10% to our long position if filled we would be 30% long. I will place a buy stop at 105.46. If the market continues to make lower highs I will be lowering this stop.