Skip to content
Tags

,

Update on last week – new position in IFF

September 9, 2013

The position in International Flavors & Fragrances Inc (IFF) vs SPDR Materials (XLB), shown last week, has now been entered. The pair broke below the 20 June low on 05 September.

IFFXLBDAILY

The position is opened at the closing value of 05 September of 1.94066. The stop loss is above the 06 August high, which is 5.8% above the entry level.

The daily RSI is now oversold so there may be a short term recovery but it is the longer term divergences that have prompted this position.

From → List of posts

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: