RED DIRT TRADER

This blog was designed as a place for me to store links that I find helpful. These posts are not investment advice. If you’re looking for advice call your GO BROKER. My belief is the person who cares most about my investments is ME. My hope is the readers of this blog find the sidebar links as useful sources of information while attempting to learn how to manage their own money. As for advice, my Dad gave me the best I’ve ever heard, “Never trust anyone else with your money or your woman.”

Saturday, February 23, 2008

Weekly Update

This week we'll take a look at what's going on in the BRIC Trade. Since the last buy signal off the Stochcastic I've noticed that Brazil (EWZ) started trending up first. Russia seems to be picking up steam, while India and China seem to be flopping about like fish out of water. I think India will soon realize it may be better for their markets to allow shorting of stocks by institutional investors. Sometimes as the shorts buy to cover it can provide a bit of a cushion to a falling market.

The latest Moosignal calls for no switch, GLD is still a HOLD.

The GARP Spotlight this week is on ABB as they oust the CEO in order to put into place a plan for growth. T. Boone Pickens added to his position recently for whatever thats worth!

Thanks for stopping by and good luck this week!

Labels: BRIC ETF's, decisionmoose, garp stocks

# posted by Chris @ 1:56 PM

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