Financial Select Sector SPDR

Weekly Picks- Buy:SRS,SKF,SMN,VXX Sell:IYR,XLF

Posted by Investing Freak on April 18, 2010
General / Comments Off on Weekly Picks- Buy:SRS,SKF,SMN,VXX Sell:IYR,XLF

The Current Picks page has been updated. Have a look by clicking Current Picks here or up on the top of the page.
Below I will only mention the new signals that have occurred this week.

Upgrades

SRS ProShares UltraShort Real Estate (ETF)
upgraded to BUY on Apr 16 at $29.18     (SELL Apr 05 at $28.60)

SKF ProShares UltraShort Financials (ETF)
upgraded
to BUY on Apr 16 at $18.11   (SELL Feb 16 at $24.17)

SMN ProShares UltraShort Basic Materls (ETF)
upgraded
to BUY on Apr 16 at $34.01  (SELL Mar 29 at $34.95)

VXX iPath S&P 500 VIX Short Term F
upgraded
to BUY on Apr 16 at $19.97     (SELL Feb 11 at $31.40)

Downgrades

IYR  iShares Dow Jones US Real Estate (ETF)
downgraded to SELL on Apr 16 at $50.24    (BUY Apr 05 at $51.05)

XLF  Financial Select Sector SPDR (ETF)
downgraded
to SELL on Apr 16 at $16.36     (BUY Feb 16 at $14.34)

Notes:
URE and UYG are off my list after the splits because of charting issues.


Disclaimer:
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!

Have a good weekend.

-K

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