Interesting article on the financial education of football players. http://www.marketwatch.com/story/this-nfl-training-camp-turns-football-players-into-financial-stars-2016-04-06
A classic sign of a bear market is a chart pattern of descending highs. Look at the Nasdaq, S&P500, NYSE or any major index and notice a high was made in about May last year. Then another lower high in December last year. Now the latest high in April. The lows between those highs are also descending. Not a good sign.
In his podcast on 01Apr, Doug Fabian indicated he felt the bull market would continue and he really liked gold. On his daily radio show and podcast Gary Kaultbaum feels the actions of the banking sector are similar to their actions in 2008 where they led the market down. On my list of 130 Fidelity funds, SBanking is 127.
IBD TBP’s Market Pulse is “Uptrend under presure” as of 04/07/16. Not a time to buy. This week’s Fidelity numbers are slightly questionable. Like too many times in the past, Fidelity’s list of fund distributions contained no current data, and yet the list of daily fund prices indicated 28 funds had distribution. Going into 28 different funds to search for distributions takes too much time. So the numbers are close but next week’s numbers will include the correct distributions. Yes I called Fidelity about this (again, again, etc.).
My current investments:
IRA#1 and IRA#2
SGold has a price of 20.15, a sell price of 19.14, a rank of 01, and is a Hold.
IRA#2
Telecom&Utilities has a price of 24.08, a sell price 23.22, a rank of 06, and is a hold. (ETF – PUI current stoploss 23.69)
RealEstatePortfolio has a price of 42.67, a sell price 40.86, a rank of 03, and is a hold. (ETF – REZ current stoploss 61.36)
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 – 60% invested