Action alert: sell signal from the BDI
SPY advanced since our buy signal, but now time to go to cash
I’m on holiday in Italy right now, so forgive this being a quick one.
The Baltic Dry Index has crossed its 200-day moving average going downwards. So if you are using this experimental (please refer to my previous posts) buy/sell signal, please sell now.
This first episode of out experiment has turned out to be positive. How positive, I‘ll calculate upon my return later this month. Until then, take care and stay well!
My BDI-based buy signal was on May 11:
SPY @ 3990.08
My BDI-based sell signal was on June 3:
SPY @ 4137.57
P/L of this trade: +3.69%
(Data according to Yahoo Finance; for the sake of simplcity I am using opening prices).