Live: Thursday, Aug. 15, 2019

2:45 p.m. New York time

SMH, which I rejected as a managed shares trade, has flipped back into a sell signal from the DMI, thereby providing an example of how useful the DMI Stochastic Extreme metric can be in detection potential whipsaws.

10 a.m. New York time

Only the metals among my 87 exchange-traded funds have buy signals on the Directional Movement Index (DMI). SLV is already in my managed shares portfolio, and I’ve added GLD. Not much in the way of diversification at this point, but good metrics.

SMH also had a buy signal on the DMI. However, the DMI Stochastic Extreme metric is above 90, suggesting that the symbol is overbought and poised for a fall. I’m passing on it.

The managed shares line-up:

sym slot # entry $/share sector
GLD 1 143.03 metals
SLV 2 15.88 metals
(empty) 3
(empty) 4
(empty) 5

By Tim Bovee, Portland, Oregon, August 15, 2019


Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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