Ishares Latin America (NYSE: ILF) Shares Rally Says Market Timer Frank Kollar
February 19, 2008 (FinancialWire) (By Frank Kollar)
Shares of the exchange-traded fund Ishares Latin America (NYSE: ILF) have been gaining ground even on days when the stock market has languished, which has been most days of late.
On Tuesday, February 19, ILF gapped higher at the open and even though the U.S. stock market reversed and closed lower for the day, ILF closed with a gain of almost 3%. This was off the highs of the day, but nevertheless a solid gain in a very volatile stock market.
ILF closed above critical resistance last week at $244.00 a share and appears poised to make a run for its prior rally highs at the $270.00 level.
The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy holds a position in Ishares Latin America .
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.
Go to previous Press Releases & Trading Notes.
Note: These Press Releases are short term in nature. They may or may not reflect the same position as current subscriber reports which typically have longer time frames.
© Copyright 1996-2008, Kollar Market Analytics, Inc., All Rights Reserved.
FibTimer reports may not be redistributed without permission. These Trading Notes however may be distributed 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. |
