False Signals


Posted by Investing Freak on April 25, 2010
General / Comments Off on Weekly Picks- Buy:IYR,XLF Sell:DRYS,SRS,SKF,SMN,VXX

This week was mostly a reversal of calls made last week, the only new call is a Sell on DRYS.
When the week moves in a range (market Zig Zagged 30 points up and down) they are called False Signals because my system is a trending one.
Nobody has called me out on my calls but this is the first back to back week that signals have reversed in my blogging days so I thought I’d clear the air :).

I will be introducing a new Feature this week. A chart to accompany each call. The charts are 3 months and they show all signals that might have occurred during that time-frame.
Red Dots means SELL and Green dots signal BUY.  Simple enough? Great Let’s get started.

Here’s a look at SPY SPDR S&P 500 ETF Chart
(Click to Enlarge, Same goes for the rest of the charts)


IYR  iShares Dow Jones US Real Estate (ETF)
Upgraded to BUY on Apr 21 at $52.23

XLF  Financial Select Sector SPDR (ETF)
Upgraded to BUY on Apr 21 at $16.74


DRYS DryShips Inc.
downgraded to SELL on Apr 19 at $6.20

SRS ProShares UltraShort Real Estate (ETF)
downgraded to SELL on Apr 21 at $26.98

SKF ProShares UltraShort Financials (ETF)
downgraded to SELL on Apr 20 at $17.32

SMN ProShares UltraShort Basic Materls (ETF)
downgraded to SELL on Apr 23 at $32.37

VXX iPath S&P 500 VIX Short Term F
downgraded to SELL on Apr 20 at $18.27

I am only giving the latest signal for the stock mentioned. Use at your own risk and make sure to take the date into consideration. If you have been trading for a while you should have realized that relying solely on the strategies of others (think Analyst Opinions) will lead to failure so please only take the signals I provide just as another indicator in making your informed BUY or SELL decision. Now go Make some MONEY!


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