Three weeks ago prior to the EU deciding to start quantitative easing (QE) by buying 1.3T in bonds there had been 502 governmental actions to ease interest rates over the last 3 year. Many years ago the motto was do not fight the fed. Well every country has enherited the QE desease. Some countries allow you to invest in their government bonds and they charge you an interst rate. In Sweeden the current interest rate for government bonds is -0.1%. Countries through the world are telling investors not to hold money or buy bonds. I’m still convinced we are headed for a down market, but will not fight the feds.
IBD TBP’s Current Outlook is “Confirmed Uptrend” – Time to invest. IBD changed the outlook Tuesday night – 10Feb.
BTW the market is closed on Monday, Presidents’ day
My current investments:
SPharmaceuticals has a price of 22.46, a sell price 21.34, a rank of 14, and is a Hold.
SBiotechnology has a price of 236.23, a sell price 224.42, a rank of 01, and is a Hold.
SHealthCare has a price of 229.52 a sell price 218.04, a rank of 04, and is a Hold.
SAirTransportation has a price of 72.82, a sell price 70.64, a rank of 24, and is a Hold until I need to sell it to buy something else.
SElectronics has a price of 14.78, a sell price TBD, a rank of 02, and is a buy.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – Buy SElectronics.
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 100% invested