Really an unbelievable up week.
Chuck Jafee’s show MoneyLive on 20Mar15 featured Brian Frank manager the Frank Funds. FRNKX is a value oriented fund which goes to cash when there are not a lot of value stocks due to the current up market. Currently his fund has just crossed the 40% cash mark because the market is too high.
Investors’s Edge nightly radio on 20Mar15 had an interview with Jim Rohrback of investment-models.com. His mechanical system says we are in a bear market and he is out of the market. Send an email to Jim@rixindex.com and he will send you a copy of his latest email.
Gark Kaltbaum on Investor’s Edge indicates the trend is up, but we are in a biotech bubble. Each night he comments on several of the new biotech stocks which have NO sales, have stock prices going up, and are valued at more than a billion dollars.
I am a little behind in reporting my gains/losses but I blame that on my job. New software (which mostly works), new tax rules, fewer employees, and more work to do has resulted in a 70+ hour work week.
IBD TBP’s Current Outlook is “Uptrend Resumes” – time to invest.
My current investments:
SPharmaceuticals has a price of 24.41, a sell price 23.19, a rank of 04, and is a Hold.
SBiotechnology has a price of 272.69, a sell price 259.06 a rank of 01, and is a Hold.
SHealthCare has a price of 251.84 a sell price 239.25, a rank of 02, and is a Hold.
SElectronics has a price of 90.04, a sell price 85.54, a rank of 07, and is a Hold.
SRetailing has a price of 96.12, a sell price 91.31, a rank of 10, 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