Our system posted a SELL CONFIRMED today. The previous BUY recommendation was issued on 11.11.2009 (9) days ago, when the index value was 128.6. Since then SPBANKS has fallen -0.12% .

SELL-IF is confirmed by a black candlestick which has an open equal to the previous close but closing lower. The selling price is the previous close (129.30) according to the Rules of Confirmation.

The recent bearish pattern leading to the SELL-IF signal is confirmed today. The market is poised for a bearish move. Though the market opened higher today, the day’s activity created a black candlestick that closed below the previous close. This is one of our valid bearish confirmation criteria.

The slight failure of the previous BUY signal is currently confirmed, too. We closely monitor the performance of the signals, but a few shots missing the target slightly are inevitable when you deal with the stock market. However, such signal failures are more unlikely for higher rated stocks.

We hope that you sold this index . Probably you realized a small loss but it is better to cut the losses short. Your important benchmark today was the previous close. You were supposed to watch the session carefully, feel its bearish tendency despite the higher opening and sell your shares after making sure that the prices stay below the previous close.

If you sold, keep away from this index until the confirmation of a new BUY-IF signal unless there is not an emergency warning. What to do if you did not already sell? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for selling your shares in the following sessions.

The market is an inviting one for short-sellers. Risk lovers may now go for short sale. The market is already moving on the side of shorts ignoring the confirmed bullish patterns.