Trouble signs in Thailand
This morning I deleted the Thai Fund (TTF) from the Barchart Van Meerten New High portfolio for negative price momentum:
1 - 80% Barchart short term sell signal
2 - Trend Spotter (tm) sell signal
3 - Trading below its 20, 50 and 100 daily moving averages
4 - Lost 5.43% in the last week
5 - Relative Strength Index 38.02% and dropping
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.