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