Doug Fabian had an interesting podcast. He provided some of the concerns about the market trend and pointed out the market is about the same as it was a year ago, close to an all time high. One of the items presents is the analysis that if stocks are higher or the same, Clinton is the next president. If stocks are down 10% then Trump is the next president. Another subject is the discussion of “bail ins”. That happened a couple of years ago in Crete – any large bank account lost 50% to the bank. It is worth a listen.
IBD TBP’s Market Pulse is “Confirmed uptrend” as of 05/24/16. Time to buy. The distribution days are climbing for both the Nasdaq and S&P500. Distribution days are down days with increased volume, which are an indication of institutional selling and is a concern.
My current investments:
IRA#1 and IRA#2
SMedicalEquipment&Sytems has a price of 39.25, a sell price of 37.29, a rand of 02, and is a buy. (ETF – IHI current stoploss 125.80)
IRA#2
Telecom&Utilities has a price of 25.10, a sell price 23.85, a rank of 04, and is a hold. (ETF – PUI current stoploss 24.97)
RealEstatePortfolio has a price of 42.87, a sell price 40.75, a rank of 12, and is a hold. (ETF – REZ current stoploss 62.47)
JapanSmallerCompanies has a price of 14.54, a sell price 13.82, a rank of 16, and is a hold. (ETF – SCJ current stoploss 57.84)
SGold has a price of 23.61, a sell price TBD, a rank of 01, and is a buy. (ETF – GLDX)
So if I had not sold SGold a couple of weeks ago I would be up about 8% from that sell price.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – invest 20% in SGold.
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 100% invested