Window Dressing, Beginning of The Quarter of Opportunity
- Posted by ZorTrades
- on September 26th, 2012
If you believe that we still have a chance of some window dressing or perhaps a bump up once the new quarter starts due to new money coming in, you might want to take a look at these ETF’S that are down that are down 7 days in a row and sporting an RSI2 of under 2: FAS, IYR/DRN, XME, SLX, USD, TMV, TBT, PST, DWX, KIE. As you may know, ETF’S tend to be mean reverting instruments and once they are stretched in one direction in the short term.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Frank Zorrilla is the founder and chief investment officer of Zor Capital LLC.He began his Wall Street career 10 days after his 20th birthday when he became a Series 7 licensed stock broker. More »
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