I have a buy signal on EDZ the triple bear emerging market ETF. Long term charts look like its basing so I would take it. The system on this one is a 85% winner. average win is 10%. Profit factor is 12.87(huge). Average time in a trade is 3.3 days.
Also when I got back from vacation I found the system had a bunch of longs, which I added on today and took a beating. EDZ will help hedge the portfolio a bit since all I have bearishis SRS.
long:
CREE
GDX
HMIN
IMAX
INCY
PETD
SNDK
TPX (tempurpedic... our choice in crib)
Monday, May 17, 2010
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I also had a buy signal on DRV for tuesday morning on the open. I didnt take it cause I already had SRS plus it was not a big money maker and had a low percentage win rate of 35%. Well it was up over 12% just for today. Nice call Mr. System. :)
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