I am still surprised by the up market. My only thought is that we have the best market and the world is looking for a place to invest. Each day I receive a market recap email from StockTrader.com – it is free. While the market is up, right now they have no warnings about it.
When you look at our economy we are just lucky the rest of the world is bad. Our statistics sound good until you look at them. This month it was reported that 287k jobs were created – a good number. Except 90% of the new jobs were found by those over 55 (i.e. can’t afford to retire) taking part time and full time jobs. 50% of the jobs created were minimum wage jobs. Not a very dynamic economy.
IBD TBP’s Market Pulse is “Confirmed Uptrend”. Time to invest, but I am fully invested in the top 20 funds.
This report is coming out Tuesday since I was out of town over the weekend. If you every get to the Orlando I have an observation. They have parking lots with names. The first one I noticed was called “I-4 East”. A second one was called “535 North”. They do look like they are moving, but perhaps it is just an illusion.
My current investments:
IRA#1 and IRA#2
SMedicalEquipment&Sytems has a price of 41.27, a sell price of 39.23, a rank of 02, and is a hold. (ETF – IHI current stoploss 131.29)
IRA#2
Telecom&Utilities has a price of 26.37, a sell price 25.05, a rank of 06, and is a hold. (ETF – PUI current stoploss 26.10)
RealEstatePortfolio has a price of 46.22, a sell price 43.91, a rank of 05, and is a hold. (ETF – REZ current stoploss 64.00)
JapanSmallerCompanies has a price of 14.86, a sell price 14.25, a rank of 32, and is a hold for now. (ETF – SCJ current stoploss 58.34)
SGold has a price of 27.08, a sell price 26.42, a rank of 01, and is a hold. (ETF – GLDX current stoploss 41.58)
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