WEAK DOLLAR, HOME SALES DATA CARRY STOCKS HIGHER – RSI HAS A NICE SHOWING

The stock market ended a three-day losing streak Monday, closing broadly higher as a weaker dollar and upbeat home sales numbers encouraged investors to take on more risk.

Major stock indexes soared more than 1 percent, including the Dow Jones industrials, which rose 133 points to a 13-month high. Volume was light as Thanksgiving approached, and that likely padded some of the market's advance. (headline & commentary courtesy of AP)

Today’s market action sent many of RSI’s picks higher. The two exceptions are RJN and USG with small fractional losses. The rest did quite well with RZY turning in a 2.45% gain followed by RSX with 1.95%. On balance a nice showing.

I have mentioned my job jar. I have added items to the list:

1. Adding to the position – One of the features of the Turtle trading system is winning trades were increased in size under established criteria. The Turtle system is a trend following system and if the trend is profitable you pile on more shares. I need to see if this strategy adds value for RSI.
2. Trailing Stops – I really need to give this another shot since I believe this will enhance returns by not taking profits too early. On an earlier blog I discussed this and ended up with a stop loss level and profit target. I need to reassess this criteria since I have some strong funds that are approaching their targets. I don’t want to leave any serious money on the table.

I need to republish my job jar list and keep you apprised as to my progress. Another job jar item??

RSI had no new picks today. Kind of like watching paint dry.