The Efficient Market Theory indicates you cannot trade the market because there are no inefficiencies. Therefore buy and hold is the best investment method. http://www.zerohedge.com/news/guest-post-everything-you-know-about-markets-wrong Dr. Eric Prentis presents an interesting rebuttal to that view.
In addition in the podcast (or https://www.youtube.com/watch?v=7XVFQu_0MGc) “Trend following with Michael Covel” episode 39, Dr.Eric Prentis (theastuteinvoestor.net) explains the social phychopaths who run wall street and the US government will continue to spend your tax money because they have just don’t care. One of the most tragic thing is those who are in one group will migrate to the other group over time. The interview was done in 2012.
So the Nasdaq hit a new high last week and this week and then took a big hit on Thursday. I figured that I would have a lot to sell this weekend, but with the up Friday nothing was a sell. Not a good week but not a real bad week. I have been suggesting to my tax clients that they make sure them monitor their 401k because a 6+ year bull market is unusual.
IBD TBP’s Current Outlook is “Uptrend under pressure” – not a time to invest. The “Confirmed uptrend” IBD reported on 4/23 lasted only a week.
My current investments:
SPharmaceuticals has a price of 23.20, a sell price 22.57, a rank of 03, and is a Hold.
SHealthCare has a price of 231.54 a sell price 229.81, a rank of 05, and is a Hold.
SElectronics has a price of 84.36, a sell price 80.17, a rank of 06, and is a Hold.
SRetailing has a price of 94.42, a sell price 91.67, a rank of 09, and is a Hold.
ChinaRegion has a price of 38.12, a sell price 36.21, a rank of 01, and is a Hold.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 100% invested