As oil prices decline, oil demand seems to be declining also and the question is “is the world going into a recession”. The decrease in oil prices is obviously going to put some oil companies out of business, employees out of work, and thus the tax flow to governments less. Worldwide, Bahrain, Oman, Saudi Arabia, Nigeria, Russia and Venezuela all require a price of greater than $100 to support their budgets. With oil at $57.49 a barrel these countries are do not have enough income to support their spending. If oil remains low for any length of time the unrest of these countrys and their citizens will increase.
On 10Dec IBD TBP’s Current Outlook declined from confirmed uptrend. This is sure a time to make sure your are ready to sell. The investments I have in my 4 ETF portfolio all have stop loss orders waiting for execution based on 8% below the hightest daily close. As a result of these stop loss orders, 2 ETFs in those portfolios were sold earlier in te week.
IBD TBP’s Current Outlook is “Uptrend Under Pressure” – not a time to invest.
Only 3 of the 130 funds I follow would be a buy on my criteria.
My current investments:
SPharmaceuticals has a price of 22.38, a sell price 21.85, a rank of 10, and is a Hold.
SBiotechnology has a price of 218.95, a sell price 208.00, a rank of 01, and is a Hold.
SHealthCare has a price of 233.93. a sell price 225.88, a rank of 05, and is a Hold.
STransportation has a price of 93.97, a sell price 92.25, a rank of 02, and is a Hold.
SAirTransportation has a price of 72.54, a sell price 71.28, a rank of 04, and is a Hold.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 100% invested