The euro jumped and Asian stocks pared losses on Tuesday after euro zone policy makers agreed to a second bailout package for Greece in marathon talks that went deep into the Brussels night.
The single currency jumped around half a cent after euro zone finance ministers approved a 130-billion-euro rescue, with strict conditions, that averts an imminent default by Athens. (comments & photo courtesy of Reuters)
RSI has made a slew of picks over the past few trading days.*
- Buy 251 shares Guggenheim Solar ETF (TAN); volatility = 12.00%
- Buy 111 shares iShares Dow Jones U.S. Oil & Ga (IEO); volatility = 5.24%
- Buy 182 shares iShares Dow Jones U.S. Medical (IHI); volatility = 3.32%
- Buy 201 shares iShares S&P Global 100 Index Fu (IOO); volatility = 3.21%
- Buy 477 shares PowerShares Water Resource Port (PHO); volatility = 4.36%
- Buy 327 shares SPDR DJ Wilshire Global Real Es (RWO); volatility = 3.20%
- Buy 147 shares iShares MSCI Mexico Index Fund (EWW); volatility = 4.51%
- Buy 288 shares First Trust DJ Internet Index (FDN); volatility = 3.90%
This list if way too long for my individual comment. By this time I hope you are fully invested and taking advantage of this great market rally. You might want to use this list to fill in gaps in your portfolio.
** the number of shares it sized for a $1,000 risk (your stop loss level). At the +2R profit level start monitoring to put on a trailing stop profit sell. I have been letting the profits run to higher levels.
