Month: February 2016

FINRA is the Financial Industry Regulatory Authority which licenses individuals and firms who provide investment management. Fidelity has decided that the power of attorney they require which allows me to make investments for about 10 investors is not valid since I am not a FINRA members – it took them 23 minutes as I was on hold to figure this out and when they told me why, they also asked me if I was a FINRA member. This is a great time for Fidelity to do this since every account I manage is all in cash (since Fidelity makes no money on cash, that could also have influenced their decision). If you never make a trade, you will not lose any money (and never make any). Years ago I considered registering (it was a pain) with the NASD (predecessor to FINRA) as an investment adviser because at the time NASD would sue investment letters writers unless they were registered. The result of the several law suits was that NASD did not have the power to limit free speech and registration was no long required.

Jim Rogers is Short the NASDAQ Composite Via ProShares UltraShort QQQ (ETF). http://www.midasletter.com/2016/02/jim-rogers-on-shorting-the-nasdaq-composite-via/

Doug Fabian in his weekly podcast suggested that EMQQ and ECON were two ETFs to watch when the market starts going up. These ETFs focus on emerging markets where the middle class is growing rather than developed markets (US, Japan, China, Europe) where the middle class is declining.
A look at my list of top 20 funds shows that GovernmentCashReserves is #13. When a fund which never goes up or down and is only paying 0.01% is one of the top 20 funds of the 130
funds I follow, it is not a time to buy.

IBD TBP’s Market Pulse is “Confirmed Uptrend ” as of 02/17/16. Most of the time it would be a time to buy, but with GovernmentCashReserves still in the top 20 funds it is not a time
to buy.

My current investments:
IRA#1 and IRA#2
GovernmentCashReserves
IRA#2
GovernmentCashReserves

My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None

My portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 00% invested

A look at my list of top 20 funds shows that GovernmentCashReserves is #07. When a fund which never goes up or down and is only paying 0.01% is one of the top 20 funds of the 130 funds I follow, there are very few funds to buy.

IBD TBP’s Market Pulse is “Confirmed Uptrend ” as of 02/17/16. Not a time to buy yet since I want to wait a week to see it the trend changes. Bear markets generally have a couple of weeks of good uptrends until the correction starts again. IBD is rather positive that perhaps this time the confirmed uptrend will last.

My current investments:
IRA#1 and IRA#2
GovernmentCashReserves
IRA#2
GovernmentCashReserves

My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None

My portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 00% invested

Central Banks have Lost Control of Markets, 2016 Will Not be Good – Jim Rogers Interview https://www.youtube.com/watch?v=K8sW5CHfwfQ

I try to listen to Gary Kaltbaum’s radio show every evening or later on a podcast. Starting last last year he suggested the up market was ending and so far he seems to be correct. You can read an interview with him at http://www.breitbart.com/big-government/2016/02/07/gary-kaltbaum-on-breitbart-news-radio-markets-are-crashing-as-fiscal-steroids-wear-off/

On Jim Lange’s podcast, #160 New Social Security Law Changes, he discusses what you need to do if you are eligible for Social Security before 01May16. At his web site, paytaxeslater.com, you can sign up for a free report on the Social Security Law changes. One of his comments was that if you need to take Social Security before full retirement age,
you cannot retire.

The latest podcast #532 from Dorsey Wright & Associates  (who developed the method used by DWTR and the 9 ETFs in which it invests) speculated on the probability that cash could be included in the DWTR’s portfolio. It seems cash may have better performance than the other 9 ETFs when DWTR changes it’s portfolio at the end of the month.

IBD TBP’s Market Pulse is “Market in correcction” as of 02/08/16. Not a time to buy. The market has a reputation for predicting the future. I just wonder exactly what sort of problem it is predicting today – major bank failures, a recession, a depression, the election?

My current investments:
IRA#1 and IRA#2
GovernmentCashReserves
IRA#2
GovernmentCashReserves

My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None

My portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 00% invested

On Jim Lange’s podcast, #160 New Social Security Law Changes, he discusses what you need to do if you are eligible for Social Security before 01May16. At his web site, paytaxeslater.com, you can sign up for a free report on the Social Security Law changes. One of his comments was that if you need to take Social Security before full retirement age, you cannot retire.

I have not found any detailed news on FV and DWTR, but both these ETFs changed their portfolio recently. These ETFs are momentum managed ETFs which purchase other ETFs. Each of them eliminated a health related ETF and replaced it with a utility ETF. This is a move to more defensive investments. I’ve owned both and in both cases were stopped out.

For my latest 4 purchases for IRA#2 (which were sold last month) I also purchased corresponding ETFs in another portfolio. ETFs were sold with a stop loss of 7% below the highest daily close. The funds were sold any time the weekly close was 5% below a previous weekly close. All the investments lost money but the ETFs lost less.
SRetailing FSPRX lost 7.64%. ETF – XLY lost 2.72%.
SSoftware&ComputerServices FSCSX lost 9.85%. ETF – MTK lost 5.54%.
SConsumerDiscretionary FSCPX lost 11.07%. ETF – FDIS lost 8.51%.
STechnology FXPTX lost 12.29%. ETF – IGM lost 6.81%

IBD TBP’s Market Pulse is “Uptrend under pressure” as of 02/05/16. Not a time to buy. It lasted as an “Uptrend” for 7 days. not a sign of a bull market.
On Wednesday, the Federal Reserve Board (FRB) member Dudley expressed concern about the FRB’s plan to increase interest rates. Finguring perhaps the FRB may losen interest rates, the market went up modestly for two days and the decided to ignore his statements. The impact of the FRB is less and less.

My current investments:
IRA#1 and IRA#2
GovernmentCashReserves

My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None

My portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 00% invested