The DowJonesIndustrialAverage was up 10 days in a row which has not happened for 17 years. However if you look at the slope of the average since the slight dip a couple of weeks ago it is less steep. Additional there has been two distribution days since the last dip – a distribution day is a down day on higher volume indicating the big stock holders are selling.
If you want to take a look at a stock which is going up for no reason I can tell, take a look at HRB. It is up about 44% over the last 3 months. I do not have a clue, but moves like this possibly indicate a buyout.
The sum of the deviations (825,1059,1083) is up for the last two weeks – 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 do say buy so I would be buying if I was not fully invested.
My current investments:
SConstruction&Housing has a price of $53.78, a sell price of $51.24, a relative rank of 11, and is a hold.
SBrokerage&InvestmentMgnt has a price of $58.49, a sell price of $55.57, a relative rank of 03, and is a hold.
SAirTransportation has a price of $47.01, a sell price of $44.66, a relative rank of 02, and is a hold.
SmallCapDiscovery has a price of $27.71, a sell price of $26.32, a relative rank of 04, and is a hold.
SmallCapValue has a price of $18.75, a sell price $17.81, a relative rank of 05, and is a hold.
The investing rules for my IRA #1 fund require that I sell any investment which falls out of the top 10 if I’ve held it for 30 days and buy a better fund if it is time to invest. Thus I am selling SConstruction&Housing and buying JapanSmallerCompanies.
JapanSmallerCompanies has a price of $10.86, a sell price TBD, a relative rank of 01, and is a buy.
My portfolio changes this week:
IRA #1 – Switch from SConstruction&Housing to JapanSmallerCompanies.
IRA #2 – None