Last week I mentioned a podcast by John Publiano where he stressed using the 100 day moving average to measure the market trend. At this time SPY (the S&P500 ETF) is 4.3% above its 100 day moving average, 3.9% above its 200 day moving, and 6.1% above its 50 day moving average. All is looking good.
It is especially helpful that the chair woman of the Federal Reserve Board came out this week and said easy money would continue. There is also an interesting article on how she stopped the market decline in February. http://www.zerohedge.com/news/2016-04-01/inside-janet-yellens-diary-stunning-discovery-two-phone-calls-saved-world It is interesting how Goldman Sacks former (and maybe current) employees run the federal banks of the western world. Obviously the world bankers are watching the market.
IBD TBP’s Market Pulse is “Confirmed Uptrend ” as of 02/17/16. Time to buy. Except none of the top 20 funds have an improving deviation, one of my requirements to buy, so I am buying nothing.
My current investments:
IRA#1 and IRA#2
SGold has a price of 19.07, a sell price of 18.53, a rank of 01, and is a Hold.
IRA#2
Telecom&Utilities has a price of 24.57, a sell price 23.34, a rank of 04, and is a hold. (ETF – PUI current stoploss 23.69)
RealEstatePortfolio has a price of 43.01, a sell price 40.86, a rank of 02, and is a hold. (ETF – REZ current stoploss 61.36)
My portfolio changes this weekend:
IRA #1 – No Change
IRA #2 – No Change
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 60% invested