Month: April 2013

Investors Business Daily still says “market in correction”. That says do not buy anything and consider selling what you own. We are in a market controlled by the 3 billion per day the federal reserve board is putting into the market. Until that changes it is hard to imagine a severe down market. We are about to enter the “Sell in May and go away” season. It will be interesting to see what this summer brings.

 

The sum of the deviations (1006,674,900) 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 $53.48, a sell price of $51.09, a relative rank of 25, 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 $46.26, a sell price of $44.40, a relative rank of 16, and is a hold.

SmallCapDiscovery has a price of $27.09, 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.

SmallCapValue has a price of $18.33, a sell price $17.91, a relative rank of 32, and is a hold.

JapanSmallerCompanies has a price of $12.89, a sell price $12.25, a relative rank of 01, and is a hold.

 

My portfolio changes this weekend:

IRA #1 – None

IRA #2 – None

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

Investors Business Daily calls the market “Up trend confirmed” based on Wednesday’s market. Then on Thursday IBD says the Nasdaqhad a distribution day – not a good sign.

 

Every hard asset (copper, gold, silver, etc.) and commodity is going down which in not an indication of a strong economy. However the US and Japan are both spending 4b per day buying bonds – just printing money. Europe is doing the same. The market is one place the money is going. Another place is real estate. The 3 Fidelity real estate funds are a buy. When the governments quit spending money or when the market gets tired of it, look out below. On a related item, last week the US administration decided banks should loosen their credit standards and give home loans to less credit worthy buyers. Perhaps these loans should called subprime loans.

 

The sum of the deviations (994,765,1006) 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 $53.65, a sell price of $51.09, a relative rank of 21, 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 $46.38, a sell price of $44.40, a relative rank of 07, and is a hold.

SmallCapDiscovery has a price of $27.43, a sell price of $26.48, a relative rank of 15, and is a hold.

SmallCapValue has a price of $18.61, a sell price $17.91, a relative rank of 14, and is a hold.

JapanSmallerCompanies has a price of $12.27, a sell price $11.66, a relative rank of 01, and is a hold.

 

My portfolio changes this weekend:

IRA #1 – None

IRA #2 – None

http://stockcharts.com/freecharts/gallery.html?$NAA50R shows that 47% of Nasdaq stocks are above their 50 day moving average – a significant change from last week. The 50 day moving average of that indicator is also moving down. The point and figure chart indicates a bearish objective of 32. With less than have the Nasdaq stocks in an up trend it is probably not a good time to invest.

 

Investors Business Daily calls the market “Up trend under pressure.” IBD also points out that the Nasdaq has had 6 distribution days (lower market days with increased volume) in the last few weeks. Another distribution day and IBD will call the market “Market in correction.”

 

The sum of the deviations (952,994,765) 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.

One interesting trend is that all three Real Estate funds I follow have had increasing deviations over the last 3 weeks. 3 week increasing deviations is one of my buy criteria. 9 funds out of the 137 I follow also meet that criterion with JapanSmallerCompanies being the #1 fund.

 

My current investments:

SConstruction&Housing has a price of $52.72, a sell price of $51.24, a relative rank of 17, and is a hold.

SBrokerage&InvestmentMgnt has a price of $55.09, a sell price of $55.57, and I will sell it Monday.

SAirTransportation has a price of $45.65, a sell price of $45.08, a relative rank of 09, and is a hold.

SmallCapDiscovery has a price of $26.96, a sell price of $26.48, a relative rank of 11, and is a hold.

SmallCapValue has a price of $18.29, a sell price $17.91, a relative rank of 10, and is a hold.

JapanSmallerCompanies has a price of $11.88, a sell price $11.29, a relative rank of 01, and is a hold.

 

My portfolio changes this weekend:

IRA #1 – None

IRA #2 – Sell SBrokerage&InvestmentMgnt