July was a fun month for about the first half. In July my 5 portfolios, IRA#1 down 2%, IRA#2 down 4%, PDP PIE PIZ DWAS down 1%, TQQQ up 3%, TQQQ/SQQQ up 4%. For the last 3 months, IRA#1 +4%, IRS#2 -1%, PDP etal -1%, TQQQ +14%, TQQQ/SQQQ +15%. IRA#1 and IRA#2 changes are reported in these notes. PDP etal purchased PDP and PIZ in May (the 2 which had 3 month gains) when IBD said “Uptrend Confirmend” (UC). TQQQ was purchased in May when IBD said UC and half sold in July when IBD said “Uptrend under Pressured” (UP). TQQQ/SQQQ – TQQQ was purchaed in May when IBD said UC and sold in July when IBD said UP. TQQQ/SQQQ did not buy SQQQ since IBD never said “Market in Correction” (MC). I described the TQQQ and TQQQ/SQQQ in my 07Mar email – flynndj.com. Both are based on IBD’s ETF strategy using TQQQ instead of QQQ and now using a 8% stop loss updated daily.
On 01Aug, the remaining TQQQ shares in the TQQQ portfolio was sold when it fell below the 8% stop loss (updated daily).
On 05Aug, IBD said “Market in Correction” and the next day TQQQ/SQQQ purchased SQQQ at the open. SQQQ goes up 3 times faster than the market goes down – and vice versa.
One of the podcasts I have to which had previously listened and just started again is Paul Merriman. At PaulMerriman.com he presents the ultimate buy and hold strategy. He has recommendations for investors in Vanguard, Fidelity, and Schwab. Buy and hold is not my kind of investing, but some investors perfer not to change investments.
IBD TBP’s Current Outlook is “Market in Correction” – NOT a time to invest.
My current investments:
SElectronics has a price of 75.50 a sell price 75.53, and is a sell.
STransportation has a price of 79.76, a sell price of 80.16, and is a sell.
My portfolio changes this weekend:
IRA #1 – Sell SElectronics
IRA #2 – Sell SElectronics and STransportation.
My portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 00% invested