Investors Business daily changed to Uptrend Confirmed on 09Sep13 after the gain the market had on Monday. Hopefully this will not be an average September. In one of his latest youtube videos, Jim Rogers suggest his investment in oil, gold, and other commodities are going to go much higher and stocks are going down. He also points out that with the slow end of artificially low interest rates, India, Indonesia, and Turkey are going to be hit hard. For the first time in history the world has been flooded with printed money and when it stops there will be panic in markets and it will be a huge mess. He feels the decline will be worse than 2008/09.
I am sure suprised the market is going so well and wish I had not sold SBiotechnology in the past. However, I never know how deep a decline in price is going. A couple of year ago I sold LatinAmerica 5 times. The 5th time it went from 70+ to 30- and that was a price change worth avoiding.
The sum of the deviations (414,617,839) is up for the last two weeks – time to invest.
The DJ Wilshire 5000 index is above its 50 day moving average and the average is increasing – time to invest. Both trends are up – time to invest.
My current investments:
SAutomotive has a price of $53.63, a sell price $50.95, a relative rank of 02, and is a hold.
SBiotechnology has a price of $172.17, a sell price TBD, a relative rank of 01, and is a buy.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – Invest 20% in SBiotechnology
My portfolio market exposure after this weekend’s changes
IRA #1 – 100% invested
IRA #2 – 40% invested