Not an exciting week. Some days up, some days down. The overall trend seems to be trendless. One of the opinions on Marketwatch.com today is “These diverging trends point to a market correction, says UBS’. The statistics I mentioned last week on stocks above their 50 day moving average are almost exactly the same. Another interesting article on Marketwatch.com is “The Fed accidentally created the most resilient bull market ever.” The Fed meets again this coming week.
IBD TBP’s Market Pulse is “Confirmed Uptrend” – time to invest. However both the Nasdaq and S&P500 indexes have had 4 distribution days each – no change from last week.
My current investments:
SPharmaceuticals has a price of 23.86, a sell price 22.81, a rank of 03, and is a Hold.
SHealthCare has a price of 237.13 a sell price 229.81, a rank of 07, and is a Hold.
SElectronics has a price of 85.75, a sell price 83.69, a rank of 09, and is a Hold.
ChinaRegion has a price of 38.59, a sell price 37.12, a rank of 01, and is a Hold.
SBiotechnology has a price of 262.36, a sell price 251.85, a rank of 02, 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