The shake up in our Hi-Tech trades continue and the exit signals were generated for the remaining ETFs. Exit IGM at or around May 28th closing price of 92.38 for 1.5% gain Close out IYW near 93.72 for 4.2% gain Exit QLD at or near 105.81 for 2.9% gain This year the result was mixed for this strategy. Broader…
The exit window is open for Hi-Tech seasonal trades. At the close of May 19th, another ETF made use of the opening. Exit PNQI – PowerShares NASDAQ Internet – at or around 61.95, the close on May 19th So far, this year has not been too good for these Internet related trades. PNQI trade lost -12.3% in 67 days. On the positive note,…
The favorable period for Hi-Tech is coming to a close. We started these trades in mid-March and the exit signal is triggered for one ETF at the close of May 13th. Exit FDN – First Trust Dow Jones Internet Index – at or around 54.84, the close on May 13th This year has not been too good for these trades. FDN produced a…
The market has been ripping higher and the trajectory of NASDAQ Composite in 2013 was from the lower left corner to the upper right corner in an almost straight line. In the month of December 2013, the index gained 6.5%. Still, it behooves to pay attention to the seasonal tendencies, which say that computer tech and internet stocks usually weaken during…
On February 13th, we outlined our seasonal strategy for Hi-Tech sector during March-May timeframe. As of close on March 13th, the ETFs in this sector have generated entry signals. Our trade alerts are going long for: FDN – First Trust Dow Jones Internet Index – at or near 62.43, the close on Mar 13th IGM – iShares North American Tech – at…
October to April is generally a favorable time to own stocks but within this period lies another smaller period that provides even better odds for success for technology stocks. Our research – combined with others industry watchers including Stock Trader’s Almanac – have found seasonal tendencies within Technology sector that could be profitably traded towards the long side between March and…