An interesting radio show is archived at http://www.businesstalkradio.net/weekday_host/Archives/gw.shtml ==> Wed. Apr 3 Hour 1. The first half of the show features Bill Meridian of www.billmeridian.com who feel the DJIA will go to 16,000 until the end of the year, then down to 10,000 by Nov 2013, and then up for 15 months. The second half of the show features Larry Pesavento of www.tradingtutor.com who feels we are in double bubble and the market will soon start falling. He says it will be worse than 2008 and the DJIA will fall to 2,800. Please do not feel obligated to listen to the show host. Gabriel Wisdom just likes to hear himself talk.
Investors Business Daily calls the “market in correction” since Thursday 18Apr13. Not a time to buy.
The sum of the deviations (765,1006,674) 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 do not say buy.
My current investments – a couple of sell prices were adjusted due to fund distributions;
SConstruction&Housing has a price of $52.11, a sell price of $51.09, a relative rank of 26, and is a hold until it falls below the sell price or I need to sell it to buy a better fund.
SAirTransportation has a price of $45.34, a sell price of $44.40, a relative rank of 16, and is a hold.
SmallCapDiscovery has a price of $26.48, a sell price of $26.48, a relative rank of 29, and is a hold until it falls below the sell price or I need to sell it to buy a better fund. My numbers show the price is actually 0.01% above the sell price.
SmallCapValue has a price of $18.02, a sell price $17.91, a relative rank of 22, and is a hold.
JapanSmallerCompanies has a price of $12.55, a sell price $11.92, a relative rank of 01, and is a hold.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None