The closing prices on April 24th tell that it is time to get out of some of the Energy / Nat-Gas seasonal trades that we put on in late January.
- Exit PXI – PowerShares DWA Energy Momentum Portfolio ETF – at or around 60.90, the close on April 24th
- Exit OIH – Oil Services ETF – at or around 52.16
These two have produced significant gains. PXI was entered on Jan 24th at 52.91 and resulted in 15.1% gain. OIH was entered on Jan 30th at 45.74 and produced 14.0% gain. PXI has never given a losing trade in seven years whereas OIH lost only twice in 13 years.
We still have other trades open for this sector.
|ETF||Entry Date||Entry||Apr 24th Close||Paper Ret|