A very interesting video from Freedom Fest on the state of the nation – http://reason.com/reasontv/2013/11/01/freedomfest .
I was talking with a friend the other day who, while invested in mutual funds, did not like ETFs. ETFs are just better mutual funds. In fact, Fidelity in October launched 10 sector ETFs. They inclued Consumer Discretionary, Consumer Staples, Energy, Financial, Health Care, Industrials, Information Technology, Materials, Telecommunication Services, and Utilities. Fidelity has set up a FAQ on their web site – https://www.fidelity.com/etfs/sector-etfs/sector-etf-faqs . Commission free if you hold them 30 days, management fee about 10% of what Fidelity mutual funds charge, sell at anytime during the day, set up stop loss orders to limit losses, etc. All in all ETFS are just better mutual funds.
Investors Business Daily says the Current Outlook is “Confirmed Uptrend.” However they also say “Investors Should Trim Sails When the Market Turns Choppy.” Peter Bruno’s radio show which I follow generally from the archives on peterbrunomedia.com. He has been claiming for some time that 16,000+/- on the DJIA is the end of the current uptrend. His show is mostly commercials for his investment letters, but he has been pretty good on suggesting where the market is going based on his market cycles. His longest term cycle topped in 2000 which he says started the decline of the US in general.
The sum of the deviations (11031,1014,909) is not up for the last two weeks – not a time to invest.
The DJ Wilshire 5000 index is above its 50 day moving average and the average is increasing – time to invest. Both trends are not up – not a time to invest.
The market was up slightly, but the calculation of the deviation from an exponentially smoothed moving average requires more than a slight increase. All in all it looks like the uptrend has stalled.
My current investments:
SAutomotive has a price of $56.60, a sell price $53.94, a relative rank of 12, and is a hold.
JapanSmallerCompanies has a price of $13.34, a sell price of $13.22, a relative rank of 80, and is a hold until I need the money to invest in a better fund or if falls a little more.
Nordic has a price of 42.29, a sell price 40.40, a relative rank of 05, and is a hold.
Sell price of JapanSmallerCompanies was adjusted for a distribution of $0.328 and Nordic was adjusted for a distribution of $2.626.
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 – 60% invested