Last Update
5/17/2013
UBG
E TRACS UBS BLOOMBERG CMCI GOLD ETN
STAY LONG
Last Pattern: BEARISH STOP LOSS
Last Close:
35.6400
Change:
-0.8400
Percent change
-2.30%
6 mo. Rating
$100⇨ 93.88
12 mo. Rating
$100⇨ 93.88
24 mo. Rating
$100⇨
Signal Update
Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 4/18/2013, 29 days ago, when the stock price was 36.5600. Since then UBG has fallen by -2.52%.
Market Outlook
A sudden bearish attack caught us off guard without the forewarning of a bearish pattern. We may be on the verge of conceding the death of bullish case and getting ready to cut our bullish bet. Our previous BUY signal didn't work out. This happens. Sometimes, candlestick patterns falter. We owe you an apology for that but this is exactly what we have the stop loss mechanism for. The bearish stop loss of the last bullish pattern is triggered today.


Intraday Module is ON. To follow the confirmation status, click here.
Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This is not a standard candlestick pattern. It is simply the stop loss compliment of all the confirmed bullish patterns. The conditions for the activation of the Bearish stop loss are two consecutive lows or a close below the stop loss level of a recently confirmed bullish pattern. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
4/18/201336.5600BUY 102.84
4/3/201341.2200SELL 103.05
3/21/201342.5500BUY 106.59
4/24/201243.8400QUIT 106.80
4/23/201243.7901SHORT 107.14
4/10/201244.0600BUY 108.23
3/29/201244.1700SHORT 108.39
3/15/201244.1600BUY 108.80
2/29/201247.3200SELL 109.02
2/22/201246.9100BUY 108.29
2/8/201246.3350SELL 108.51
1/24/201244.5900BUY 104.63
1/13/201243.8700SELL 104.84
1/5/201243.1800BUY 103.40
12/13/201144.6500SHORT 100.51
12/7/201146.6300BUY 105.39
11/17/201146.4716SELL 105.60
10/21/201143.8300BUY 99.80
† Trade commissions taken as 0.20%.
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