iShares S&P Latin America 40 Headed Higher Says Market Timer Frank Kollar.
May 4, 2006 (FinancialWire) (By Frank Kollar)
Shares of the exchange traded fund iShares S&P Latin America 40 (AMEX: ILF) continue to hit new highs on an almost daily basis. This seemingly unstoppable ETF has been advancing since January 2003 and tacked on a 94% gain as of Wednesday’s close. But we all know every advance eventually ends.
At Fibtimer.com (http://www.fibtimer.com) we do not set price targets. Over the years we have found that when a trend such as this starts, there is no way to forecast when it will end. In fact it usually lasts considerably longer, and moves much further, than anyone would have predicted.
Staying long and setting a logical trailing stop is the only way to trade this ETF. We issued a BUY signal for iShares S&P Latin America back on May 5, 2005. Since then it has gained 78.6%. Should this high flyer close below $146.00 we would have to say the bullish trend was over, at least for now. Until then iShares S&P Latin America remains a strong BUY in the Fibtimer.com ETF Timing Strategy.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
For up-to-the-minute news, features and links click on http://www.FinancialWire.net
FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp
For a free annual report on a company mentioned in the news, please click on http://investrend.ar.wilink.com/?level=279
The NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268
© Copyright 1996-2006, Kollar Market Analytics, Inc.,
All Rights Reserved.
FibTimer reports may not be redistributed without
permission.
Disclaimer: The financial markets are risky. Investing is
risky. Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy or
sell any security. Opinions are based on historical research
and data believed reliable, but there is no guarantee that
future results will be profitable. |
