Cypress Sharpridge Investments - sell signal
This morning I deleted Cypress Sharpridge Investments (CYS) from the Barchart Van Meerten New High portfolio for negative price trends:
1 - 40% Barchart technical sell signal
2 - Trend Spotter (tm) sell signal
3 - Trading below its 20, 50 and 100 daily moving averages
4 - Relative Strength Index is only 39.09% and tanking
My major rule is always cut losses as soon as possible.
Jim Van Meerten is an advisor to Marketocracy Capital Managementwho uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or emailJimVanMeerten@gmail.com.
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.