Month: March 2013

http://stockcharts.com/freecharts/gallery.html?$NAA50R shows that 61% of Nasdaq stocks are above their 50 day moving average. With 61% of stocks in an up trend, the market up trend should continue.

One of my tax clients received a call from his banker asking if his Social Security deposit was going to another bank for the last two months. In visiting SS he found the agent (and the three at nearby desks) had a 3 inch stack of recent bank number changes she was checking. It seems one of the latest frauds is to change the bank account numbers for SS deposits to direct it to your account.

 

The sum of the deviations (1083,952,994) 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:

SConstruction&Housing has a price of $53.58, a sell price of $51.24, a relative rank of 14, and is a hold.

SBrokerage&InvestmentMgnt has a price of $56.15, a sell price of $55.57, a relative rank of 27, and is a hold only until it declines another 1% or a buy week, when I will switch to a better fund.

SAirTransportation has a price of $47.45, a sell price of $45.08, a relative rank of 03, and is a hold.

SmallCapDiscovery has a price of $27.87, a sell price of $26.48, a relative rank of 04, and is a hold.

SmallCapValue has a price of $18.85, a sell price $17.91, a relative rank of 05, and is a hold.

JapanSmallerCompanies has a price of $11.42, a sell price $10.85, a relative rank of 01, and is a hold.

 

My portfolio changes this week:

IRA #1 – None

IRA #2 – None

Investors Business Daily’s IBDtv provided a brief look at the Friday market. Looking at the graphs shows the markets higher on the day, but the overall view looks like the market may be topping. The weekly radio show put out by IBD, available on their web site or on a podcast, is always interesting.

These days the weekends remind me of 2008 when every Monday another bank was in deep trouble except now it is countries. Sort of a scary future if you really think about it.

 

The sum of the deviations (1059,1083,952) 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:

SConstruction&Housing has a price of $53.64, a sell price of $51.24, a relative rank of 07, and is a hold.

SBrokerage&InvestmentMgnt has a price of $56.70, a sell price of $55.57, a relative rank of 10, and is a hold.

SAirTransportation has a price of $47.12, a sell price of $44.76, a relative rank of 02, and is a hold.

SmallCapDiscovery has a price of $27.65, a sell price of $26.32, a relative rank of 03, and is a hold.

SmallCapValue has a price of $18.66, a sell price $17.81, a relative rank of 05, and is a hold.

JapanSmallerCompanies has a price of $11.60, a sell price $44.02, a relative rank of 01, and is a hold.

 

My portfolio changes this week:

IRA #1 – None

IRA #2 – None

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

ABC News featured a story on goodrx.com where you can see the relative price of a drug in story near you. You might give it a try.

One of the more interesting shows on the Gabriel Wisdom radio show featured the author of “Rich Habits – Daily Habits of Wealthy Individuals,” Tom Corley. Interesting concept – change your habits to those who are wealthy rather than those who are poor. Do a web search on rich habits.

Investors Business Daily had decided we had a follow through day on Tuesday and four days later, on Friday, changed their market outlook to confirmed uptrend. I sure hope they are right and this uptrend continues.

 

The sum of the deviations (837,825,1059) 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 so I am not buying.

 

My current investments:

SConstruction&Housing has a price of $53.94, a sell price of $51.24, a relative rank of 06, and is a hold.

SBrokerage&InvestmentMgnt has a price of $57.70, a sell price of $54.82, a relative rank of 02, and is a hold.

SAirTransportation has a price of $46.20, a sell price of $43.89, a relative rank of 03, and is a hold.

SmallCapDiscovery has a price of $27.36, a sell price of $25.99, a relative rank of 04, and is a hold.

SmallCapValue has a price of $18.47, a sell price $17.55, a relative rank of 05, and is a hold.

 

My portfolio changes this week:

IRA #1 – None

IRA #2 – None