The worst week in months. The Confirmed Uptrend which started on in October has ended. This uptrend lasted 42 days. There has been 9 Confirmed Uptrends issued by Investors Business Daily this year. It has been a relative untrending year. I follow the numbers, but still believe that the problems of too much debt which caused 2008 have only gotten worse. We have the federal reserve board (and the rest of the central banks in other countries) keeping interest rates at zero thus causing more debt.
BTW Downtown Disney is now called Disney Springs and no matter where you want to shop, it is at least a mile away from were you are.
IBD TBP’s Market Pulse is “Uptrend under pressure” as of 11/13/15 – not a time to buy.
My current investments:
IRA#1 and IRA#2
SRetailing has a price of 101.27, a sell price 102.62, a rank of 01, and is a Sell. (ETF – XLY). The associated ETF (XLY) has not hit its stop loss and has not been sold.
IRA#2
SITServices has a price of 40.78, a sell price 39.98, a rank of 03, and is a Hold. (ETF – XLK)
SSoftware&ComputerServices has a price of 122.79, a sell price 121.11, a rank of 01, and is a Hold. (ETF – MTK)
SConsumerDiscretionary has a price of 34.56, a sell price of 34.44, a rank of 08, and is a Hold. (ETF – FDIS)
STechnology has a price of 118.46, a sell price of 112.54, a rank of 11, and is a Hold. (ETF – IGM)
My portfolio changes this weekend:
IRA #1 – Sell SRetailing
IRA #2 – Sell SRetailing
My portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 80% invested