This week’s podcast from Dorsey Wright & Associates (DWA) featured Tammy and Susan explaining how the market is still in an uptrend and some indications it should continue. They are the best two DWA podcast presenters. The boss Tom is also good. This next week they are going to feature the changes they made to the PDP, PIE, etc. momentum indexes. What was moved in and what was move out. Interesting listening.
While I think the market is still going to die soon, it does look like it has started yet. The percent bullish stocks on the NYSE is 76 and on the Nasdaq is 60. 66 percent of the stocks on the NYSE are above their 50 day average and the percentage of the Nasdaq is 57. When those numbers go below 50 it is time to be cautious.
IBD TBP’s Current Outlook is “uptrend under pressure” – NOT a time to invest.
My current investments:
Nordic has a price of 47.91 a sell price 46.94, a relative rank of 47, and will be sold if it drops 2.07% more or I need the money to buy something else.
SAirTransportation has a price of 65.53, a sell price 64.21, a relative rank of 10, and is a hold.
SElectronics has a price of 78,01, a sell price 75.24, a relative rank of 01, and is a hold.
STransportation has a price of 83.31, a sell price of 79.55, a relative rank of 06, and is a hold.
SNaturalGas has a price of 44.85, a sell price 43.84, a relative rank of 05, and is a hold.
Every fund I own in IRA#1 and IRA#2 went down this week.
My portfolio changes this weekend:
IRA #1 – no change
IRA #2 – no change
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 100% invested