05 June 2015

Currently the Dow Jones Industrial Average is below its 50 day moving average. Same for the S&P500. The Nasdaq is above. Above the 50 day moving average is good, below is not so good. Above the 200 day moving average is ok, below is bad. TLT which is an ETF of the US Treasury 20+ year bond is below its 200 day average. On etfscreen.com, the 2nd, 3rd, 6th, 7th, 9th, and 10th best performing ETFs over the last week have been BEAR US Treasury funds, all up more that 10% for the week. Not a time to be invested in bonds.
38% of the stocks on the New York Stock Exchange are above their 50 day moving average and only 52% are above their 200 day moving average – not a good sign.

IBD TBP’s Market Pulse (new name for Current Outlook) is “Confirmed Uptrend” – time to invest. However both the Nasdaq and S&P500 indexes have had 4 distribution days each. The last time the relative numbers were 7 and 6 the Market Pulse moved to “Uptrend under Pressure”, and then a week later at 7 & 7 the Market Pulse changed to “Market in Correction”.

My current investments:
SPharmaceuticals has a price of 23.84, a sell price 22.81, a rank of 03, and is a Hold.
SHealthCare has a price of 238.79 a sell price 229.81, a rank of 06, and is a Hold.
SElectronics has a price of 86.60, a sell price 83.69, a rank of 08, and is a Hold.
ChinaRegion has a price of 38.33, a sell price 37.12, a rank of 01, and is a Hold.
SBiotechnology has a price of 265.10, a sell price 251.85, a rank of 02, 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

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