Not a good week. Out of the 130 funds I follow only CashReserves and SBanking are buys and with fund rankings of 107 and 71. As I mentioned in my 27Feb email there are several market indicators which say this should be a good year, however I still think the market will peak soon (if it hasn’t already).
One of the ETFs I’ve mentioned before is FV – First Trust Dorsey Wright Associates (DWA) Focus 5 ETF. It is designed to proved investments in sector and industry based ETFs which DWA believes will have the greatest possibility to out perform. A weekly analysis of relative strength determinse which ETFs constitute FV. As of 13Mar15 FV was made up of a Consumer Discretionary fund (FXD), Consumer Staples fund (FXG), Dow Jones Internet Index fund (FDN), Health Care fund (FXH), and Biotechnology fund (FBT).
FV is up about 11% over the last 3 months. With an ETF, unlike a fund, it can be purchased or sold at any time of the day and a stop loss order can be used to limit losses.
IBD TBP’s Current Outlook is “Uptrend Under Pressure” – not a time to invest.
My current investments:
SPharmaceuticals has a price of 23.31, a sell price 22.14, a rank of 04, and is a Hold.
SBiotechnology has a price of 259.76, a sell price 246.77 a rank of 01, and is a Hold.
SHealthCare has a price of 240.78 a sell price 228.74, a rank of 02, and is a Hold.
SElectronics has a price of 87.89, a sell price 84.99, a rank of 06, and is a Hold.
SRetailing has a price of 93.76, a sell price 89.40, a rank of 08, 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