8-20-2009.. another repeat of 7-13-2009 ?
If you have been following my current picks page you might have noticed that most of the symbols received buy signals on 7-13-2009 which is when the March rally was coming to a correction but then bounced. Will we have another case of this with 8-20-2009?
I was hoping we wouldn't that is why I posted those charts yesterday thinking we had topped. Well my automated strategy was saying otherwise and I completely Ignored it.
Normally I would just update the current picks page but this time around I have decided to make a blog post.
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Market Indices and other important Quotes
(Note: I understand you can’t purchase an index so bear with me these are just signals)
|
Symbol |
Buy Date |
Sell Date |
|
$SPX |
8-20-2009 |
|
|
$INDU |
8-20-2009 |
|
|
$COMPX |
8-20-2009 |
|
|
QQQQ |
8-20-2009 |
|
|
IWM |
8-20-2009 |
|
|
SPY |
8-20-2009 |
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The Rest of the Symbols (More will be added per request)
|
Symbol |
Buy Date |
Sell Date |
|
IYR |
8-21-2009 |
|
|
AAPL |
8-20-2009 |
|
|
DRYS |
8-14-2009 |
|
|
SDS |
8-20-2009 |
|
|
SRS |
8-20-2009 |
|
|
SSO |
8-20-2009 |
|
|
SKF |
8-20-2009 |
|
|
UYG |
8-20-2009 |
|
|
URE |
8-21-2009 |
|
|
JNK |
8-21-2009 |
|
|
HYG |
8-7-2009 |
|
|
REW |
8-20-2009 |
|
|
QID |
|
8-20-2009 |
|
QLD |
8-20-2009 |
|
|
XLF |
8-20-2009 |
|
|
DIG |
8-20-2009 |
|
|
DUG |
8-20-2009 |
|
|
SMN |
|
8-20-2009 |
|
VXX |
|
8-19-2009 |
The VIX ETF signaled a sell before the rest of the signals came in the following day. That is interesting.
-K
Dug is up 20% in over a week
Many of you might have read my previous article where I question whether the oil bubble was ready to burst.
Previously: Is The Oil Bubble Ready To Burst?
Since July 7, 2008 until July 16, 2008, (DUG) has gained well over 20%. This is certainly not a burst of bubble but it is interesting to see whether it'll sustain for a longer term.
If you invested on (DUG) or have any comments please feel free to comment.
Is The Oil Bubble Ready To Burst?
Bubbles Always Have a Limit where they can no longer grow and sustain the hype.
I have seen oil run up like many of you have but without owning a car it hasn't hurt my wallet yet.
I've been thinking of investing in an oil shorting stock (Exchange traded Fund in this case.)
Symbol: (DUG) which bets that oil will go down. The ETF that bets for oil is (DIG) and the top 10 holdings are listed below. DUG basically almost shorts all those companies and more.
Source: ProShares
Here is my usual chart showing the trend reversal the past few days.
It broke through the 50 day moving average and might make a modest run.
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An interesting chart showing that the oil price has touched base with the total oil consumption just like the 1980's bubble.
Source: SmartEconomy
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Disclaimer: I have not invested into DUG yet but it is getting very interesting.
