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Dow Jones Industrials and Gold stock position updates

September 16, 2013

On 02 September, I showed the bullish daily divergence on the SPDR Dow Jones Industrial Average (DIA). I took half the profit as of the close of 30 August (blue arrow) and moved the stop loss to break even.

That stop loss has now been hit, so the 3.6% profit at the time becomes a 1.8% profit.

SPDR Dow Jones Industrial Average (DIA)

DIACANDLES

Agnico Eagle Mines (AEM) v S&P 500 Index

With my model portfolio, I show performance by %age gained and don’t include a position sizing. That could help when positions in things that move a larger percentage go against me!

Exact position sizing isn’t really the point of the blog, which is to showcase my identification of trade set ups. I have at times taken half and stop to break even (like above) and last week, I halved the size of the position in AEM v SPX.

That locks in a loss of 3.9% on the closed half of the position. The total loss is currently 9.4%.

The position still has a chance of working, having not negated its bullish weekly RSI divergence. It has to hold above the 06 August low (blue arrow).

Agnico Eagle Mines (AEM) v S&P 500 Index

AEMSPX
Other trade set ups

  • The trade set ups shown from the S&P 100 Index on 02 September have not triggered yet
  • The materials sector pair positions develop unremarkably

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