Stock Trader’s Almanac 2013, updated each year by Jeffrey A. Hirsch & Yale Hirsch, contains a chart on page 148 which lists the Nasdaq monthly performance from January 1971 through April 2012. September is the worst month of the year with an average loss of 0.7%. Over the same time period, January is the best month with an average gain of 2.9%. Investors Business Daily claims the market is still in correction.
The sum of the deviations (674,414,617) is not up for the last two weeks – not a time to invest.
The DJ Wilshire 5000 index is below its 50 day moving average and the average is increasing – not a time to invest. Both trends are not up – not a time to invest.
My current investments:
SAutomotive has a price of $52.95, a sell price $50.50, a relative 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 – 20% invested