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Update on recommendations

May 21, 2012

21 May

Firstly to update the two positions that are running, they made good progress last week.

The Coca-Cola Femsa (KOF) v iShares Mexico (EWW) trade was entered last week. It made good progress.

Kofeww210512

The SPDR Health Care (XLV) v Teva Pharmaceuticals (TEVA) also made good progress last week.

Xlvteva_weekly210512

The Agnico Eagle Mines (AEM) v Philadelphia Gold & Silver Index (XAU) trade has made a decent profit and you could low take that profit or run as you see fit. Just because it hasn’t reached weekly overbought yet, doesn’t mean it will.

Aemxauweekly210512

The bullish RSI divergence on Natural Gas resulted in some upside but none of the stock pairs that I showed with it set up correctly. There is still the chance that some might but that would then be less to do with natural gas and more due to a short term broader commodity stock rebound.

Natgasweekly210512

Of the four Bollinger band contractions on price shown last week, two of them triggered at the end of the week.

U.S. Steel (X) broke below its lower band and the band width expanded.

X_boll_bands_rtt210512

Same is true for Novartis (NVS).

Nvs_boll_bands_rtt210512

There might be a bit of a market rebound for a few days but I won’t commit too much to calling every market turn. The point is, on a medium term time frame, the entry signals have been given.

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