We are in the Sell in May and Go Away time of year. I listen to the Elliot Wave podcast and it says the market will fall by 50%. The GaryK podcast says the market shows signs of being at a peak but could continue to show those signs for a long time. The Dorsey Wright podcast says the market is still in an uptrend. I do not have a clue which way the market is going, but statistically the May through October is the time the market goes nowhere.
Doug Fabian published a weekly podcast and articles on investing. In his latest podcast, he points out there over 100 ETFs which invest in China. China has been his number invest suggestion lately.
IBD TBP’s Current Outlook is “Confirmed Uptrend” – time to invest.
My current investments:
SPharmaceuticals has a price of 24.01, a sell price 22.81, a rank of 03, and is a Hold.
SHealthCare has a price of 240.31 a sell price 229.81, a rank of 05, and is a Hold.
SElectronics has a price of 85.74, a sell price 81.45, a rank of 10, and is a Hold.
SRetailing has a price of 94.67, a sell price 91.67, a rank of 26, and is a Sell.
ChinaRegion has a price of 39.07, a sell price 37.12, a rank of 01, and is a Hold.
SBiotechnology has a price of 262.24, a sell price TBD, a rank of 02, and is a Buy.
SRetailing fell out of the top 20 funds and since it is a buy week, I will sell it.
SBiotechnology I sold on 3/30 at 262.05 when it had declined by over 5% in one week. It is obviously a volitle fund, but is currently rated a buy.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – Sell SRetailing and buy SBiotechnology.
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 100% invested