Chuck Jaffee produces a market show which you can hear at www.moneylifeshow.com every day. On 04Oct he interview Elaine Garzarelli on her view of the market. Garzarelli has been generally, correctly predicting the market for 30+ years. Listening to her interview is worth doing. She currently thinks the up trend will continue. Jaffee’s show is interesting and features many market money managers every day. I listen to it on the downloaded podcasts.
This week Investors Business Daily switched from “uptrend under pressure” to “confirmed uptrend” which say now is the time to buy.
Jim Rogers:US is exceptional…it’s largest debt nation in the world!
http://www.jimrogersinvestments.com/2013/10/jim-rogers-cut-spending-with-chainsaw.html
Not my only excuse, but one contribution to my slowness in publishing this weekly email is the Samsung Windows 8 computer I purchased last November. The first one lasted a week before it was replaced – bad sound. I started documenting the BSOD (blue screens of death) on my current machine in July and over the nest 3 months has 50+, not counting the sound which quit. So I took it back to the Microsoft store on 05Oct, they reimaged it, and I got it back on 12Oct. They did give me a list of the programs they deleted. I have had 7 BSODs since then – not ready for prime time in my opinion. Back to the Microsoft store this weekend. With every BSOD you lose what you were working on. Sort of like the old mainframe days when the minute you saw lightning or the lights flicker you would yell “Save” so everyone would save their work before the machine died. My current BSODs do not give any warning.
The sum of the deviations (874,869,1120) is not up for the last two weeks – not 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 time to invest.
My current investments:
SAutomotive has a price of $55.89, a sell price $53.10, a relative rank of 01, and is a hold.
SBiotechnology has a price of $172.46, a sell price $169.78, a relative rank of 04, and is a hold. SBiotechnology has recovered enough to it is not a sell, and also I’ve owned it 30+ days so I can sell it without Fidelity yelling at me.
JapanSmallerCompanies has a price of $14.27, a sell price of $13.56, a relative rank of 02, 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