Saturday, January 30, 2010

Markets retracement is occuring

Both Emerging Markets and International ETFs got hit pretty hard and hit its 8% stop loss from its entry. The EFA weekly moving average MA-4 crossed below MA-18 and is approaching MA-39.  EWY MA-4 is approaching its MA-18. As of Jan 29, both ETFs were stopped out based on the 8% trailing stop.

Currently only TUR with 20% of the Ocean Portfolio is still on hold and 80% is in cash. I will continue to observe  these moving average charts to determine what my next move will be.

The TSP portfolio suffered the same way that EFA is stopped out and I replaced it with 100% AGG.

Traders Pick still holds 100% TUR as of now.

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