Investors Business Daily after a week where the current outlook was “uptrend under pressure” changed the current outlook on Wednesday to “Uptrend resumes.” That is an indication that it the general market is trending up.
Wealthtrack is a weekly TV and web show by Consuelo Mack. Her show from 04/05/2013 (yes I am a little behind on listening to some of her shows) features Harold Evensky with a strategy to make your retirement savings last. The Employee Benefits Institute had just released a survey indicating almost 50% of workers are not confident they will have enough money for a comfortable retirement – debt is listed as the biggest problem by 55% of the workers. The show can be viewed or listen to on the web at www.wealthtrack.com. Just click on the show date where the description is “Harold Evensky: Afraid of Outliving your Retirement Savings?” The previous show with Robert Shiller is also interesting.
The sum of the deviations (974,913,1060) is not up for the last two weeks – not a 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 not up – not a time to invest.
My current investments:
SAutomotive has a price of $56.28, a sell price $53.47, a relative rank of 08, and is a hold.
JapanSmallerCompanies has a price of $14.00, a sell price of $13.56, a relative rank of 29, and is a hold until I need the money to invest in a better fund or if falls a little more
Nordic has a price of 43.90, a sell price 41.91, a relative rank of 09, 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 – 60% invested