Investors Business Daily The Big Pictures’s Current Outlook reports the S&P500 had a distribution day on 04Nov joining the Nasdaq which had a distribution day on 29Oct. Distribution days are the down days on higher volume which is an indication that larger investors are selling. They tend to be an indication of slowing upward market momentum. When the count reaches or exceeds 4, the trend is probably over. The count on 30Sep was 7 for the Nasdaq and 6 for the S&P500 the last day before the IBD TBP’s Current Outlook changed to Market in Correction. On 21Oct IBD TBP’s Current Outlook changed to Confirmed Uptrend.
Doug Fabian has set up a new web site, etfu.com, to educate investors on ETFs. He has a podcast on this website where he gives information on how much better ETFs are than mutual funds. Most 401k programs do not offer ETFs yet. Hopefully someday 410ks will offer ETFs. In Fabian’s weekly Friday podcast he discussed income ETFs. He suggested investors look at BIZD yielding 8%, YYY yielding 8.9%, PCEF yielding 7.3%, GYLD yielding 6.9%, IYLD yielding 5.7%, YMLP yielding 9%, and AMLP yielding 6.2%. At Fabian’s web site, fabian.com, a weekly ETF report is available, emailed on Wednesdays.
IBD TBP’s Current Outlook is “Confirmed Uptrend” – time to invest.
My current investments:
SUtilities has a price of 79.80, a sell price 75.91, a rank of 06, and is a Hold.
SPharmaceuticals has a price of 21.82, a sell price 21.04, a rank of 12, and is a Hold.
SBiotechnology has a price of 228.79, a sell price 222.25, a rank of 02, and is a Hold.
SHealthCare has a price of 226.12. a sell price 214.81, a rank of 03, and is a Hold.
STransportation has a price of 92.38, a sell price TBD, a rank 0f 01, and is a Buy.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – Buy STransportation
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 100% invested