Sunday, January 24, 2010

What a week for the markets

This week had been tough for the major markets. S&P 500 dropped more than 44 points from 1136.03 to 1091.76 with a 3.9% loss this week. The emerging markets dropped even more. Some of the ETFs in the Ocean Portfolio had been stopped out with a 8% stop.

Normally the Ocean Portfolio will take the signal at the end of the week with the weekly chart but I took the stops with the daily signal seeing that the downward momentum on these ETFs were stronger such as EWZ. EFA is also near the trailing stop price and will see how it plays out.

                                (click image to enlarge)

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