Trade Ideas: NKE, TLT, FTD, EWW, CHA, RPM, IEF, ILF
Markets failed to close yesterday with the vigor necessary to regain lost support from last Thursday. Today, markets drift in aimless fashion, but the Trade Ideas scan was showing a little stronger buying than this time yesterday; today's picks covered a time span of 2 minutes - someone appears to be buying the dips. It was a relatively eclectic mix of 8 picks; two treasury bond funds ( TLT and IEF ), a latin America Index iShares ( ILF ) and Mexico iShares ( EWW ), with a dose of China ( CHA ) and an America staple, Nike ( NKE ). The Latin America Index ( ILF ) was the only pick to manage a bullish cross of its 20-day/50-day MAs over the last 2-months. FTD Group ( FTD ) and RPM Intl ( RPM ) recently suffered bearish crosses in these MAs. In terms of frequency, the treasury bond fund, TLT , took the biscuit at 26 appearances . Long term charts of these picks look a littly iffy. There is a cup-and-handle pattern in the two treasury funds ( TLT and IEF ); use the October low for s...