Monday, March 5, 2012

Sell Signal on CEF

We got a sell signal on CEF last week, we have been unable to maintain a long term position on it. It looks like the markets are making a top, we need a break below SPX 1352 to confirm a new trend lower. Regards.

Saturday, February 25, 2012

Long Signal on CEF

Unfortunately, CEF gave a bull signal. MACD crossed positive. I am no longer recommending a short position. It could move higher to fill the open gap. NewImage

Sunday, February 12, 2012

Short CEF: Central Fund of Canada Limited

I have been reading different web sites looking for some other kind of opportunities. Perhaps, less risky ones, and came across CEF: Central Fund of Canada. Looking at the daily chart, it has reached overbought and MACD has crossed lower. IMHO, this is a great short opportunity to hold until RSI reaches oversold and/or MACD crosses the other way around.
NewImage

Tuesday, October 11, 2011

Long Term Recommendation: EWG

It's been a while since my last post, I've been busy at work. I have been looking at some good long term buys and I believe you should set a buy order of EWG at 19.03 and keep it for the long term until it reaches overbought on the daily, weekly, or monthly chart, that would depend on how quickly you want to exit.
For now, I believe you'd have a higher than 10% return on your investment regardless of when you exit.