CHARTIST HOTLINE
Tuesday, August 25, 2015
With our long term models flashing a sell signal yesterday, investors who were acting in sync with our Actual Cash Account and Aggressive Account were advised, over yesterday’s hotline, to sell 85% of all the positions with the exception of Michael Kors (KORS) and News Limited Class A (NWSA) which we advised closing out entirely.
We also announced over yesterday’s hotline that the following stocks in the Trader’s Portfolio had closed below their mental stops and should know be sold:
Sold At Gain/Loss
Amgen (Rec 8/13/12) 152.50 + 85.1%
Celgene 55.60 + 60.9%
Ishares Dow Transports (Rec 1/11/12) 139.59 + 51.3%
Ishares Dow Transports (Rec 11/3/14) 139.59 - 11.6%
Power Shares QQQ 102.11 - 2.5%
Vanguard Small Cap 110.66 + 23.2%
Vanguard Dividend Apprec 75.49 - 0.7%
Vanguard Value 76.89 + 18.1%
Traders should be aware that the following four stocks closed below their mental stops in today’s session and should now be sold:
Amgen (Recommended 11/3/14)
Sherwin Williams (SHW)
SPDR S&P 500 (Recommended 7/12/13)
SPDR S&P 500 (Recommended 11/3/14)
We will publish in detail the results of all of the sales in the Actual Cash Account and Aggressive Account in the next edition of The Chartist which will be published on August 27th.
Traders are advised to monitor all mental stops very closely.
Long term investors acting in sync with our real money accounts should now be in a 15% invested position vs 85% cash.
We usually update this hotline whenever the Dow rises or falls by 1% of more; however, we are going to leave this hotline on for the next couple of days. So our next regular hotline will be on Thursday, August 27th, 3:00 p.m., West Coast Time.
AI
