IBD TBP’s Current Outlook was in a confirmed uptrend until the close on 1/13/15. A review of the Nasdaq Composite Index chart – http://stockcharts.com/h-sc/ui?s=$COMPQ – will show the close of the index below the 50 moving average on Tuesday and continuing down.
On the Nightly Business Report today, Monhamed El-Erian said in his view we were entering a world of increased volatility. He also said the ECB stimulus expected next week was at least 500,000,000 Euro and anything less would cause investments to sell off. Welcome to Government Markets.
One of the investments I’ve missed is buying a home in Palo Alto. The Nightly Business Report indicated the the median price of homes under 1000 square feet was 1.7M in 2014. Anyone see another housing bubble?
With tax season underway – the IRS accepted the first return from my office on 1/14 – stolen idenity is also underway. If you live in FL, GA, or DC (leaders in identity thieft) you can apply online for an Idenity Protection PIN online and get it in about 5 minutes. With that IP PIN any tax return submitted with your social security number will be rejected unless that PIN is on the return (if the IRS checks the IP PIN which it did not do the first year the program started). It is probably not a bad idea to get an IP PIN, especially if you have spent some time in a hospital in the last couple of years.
IBD TBP’s Current Outlook is “Uptrend Under Pressure” – Not a time to invest.
My current investments:
SPharmaceuticals has a price of 22.09, a sell price 20.99, a rank of 07, and is a Hold.
SBiotechnology has a price of 232.62, a sell price 220.99, a rank of 01, and is a Hold.
SHealthCare has a price of 223.35 a sell price 212.18, a rank of 04, and is a Hold.
STransportation has a price of 91.66, a sell price 91.54, a rank of 09, and is a Hold.
SAirTransportation has a price of 71.13, a sell price 70.64, a rank of 11, 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 – 100% invested