Significant this week was the vote by Great Britain to leave the European Union. Sure wish I had purchased some puts on the British Pound or maybe the ETF UVXY (it was up 43% on Friday). For a long time I have felt that the EU is in a recession and I think this vote increases the length or depth of the recession. I can understand that the British had some resentment when the EU told them they had to get rid of their tea pots because the pots used too much energy.
Returns for the month of May were mostly positive.
In May IRA#1 -7%, IRA#2 -1%, PDP PIE PIZ DWAS 2%, QQQ 4%, SPY/RSP 1%, DWTR 1%.
For the last 3 months, IRA#1 16%, IRS#2 4%, PDPetc 4%, QQQ 5%, SPY/RSP 6%, DWTR 2%.
May portfolio changes:
IRA#1 – Sold FSAGX 5/23, Purchased FSMEX 5/31 – Invested in FSMEX
IRA#2 – Sold FSAGX 5/23, Purchased FSMEX 5/31 – Invested in FIUIX, FJSCX, FRESX, FSMEX, FDRXX
PDP PIE PIX DWAS – None – Invested in PDP, PIE, PIZ
QQQ – None – Invested in QQQ
SPY/RSP – None – Invested in RSP
DWTR – None – Invested in DWTR
IBD TBP’s Market Pulse was “Uptrend under pressure” from of 06/14/16 until 6/22/16. On 06/23/16 it changed to “Uptrend Resumes”. On 06/24/16 it changed back to “Uptrend under pressure” after the Nasdaq lost 4.1%, the S&P500 lost 3.6% and the DJIA lost 3.4%. Not a time to buy. My feeling is that next week the market will bounce up before the decline continues. Doug Casey of Casey Research thinks the next president will have the privile
ge of trying to fix the coming depression.
My current investments:
IRA#1 and IRA#2
SMedicalEquipment&Sytems has a price of 38.37, a sell price of 37.29, a rank of 04, and is a hold. (ETF – IHI current stoploss 125.91)
IRA#2
Telecom&Utilities has a price of 25.12, a sell price 23.96, a rank of 03, and is a hold. (ETF – PUI current stoploss 24.97)
RealEstatePortfolio has a price of 43.41, a sell price 41.36, a rank of 05, and is a hold. (ETF – REZ current stoploss 62.47)
JapanSmallerCompanies has a price of 14.27, a sell price 13.82, a rank of 18, and is a hold. (ETF – SCJ current stoploss 57.84)
SGold has a price of 24.59, a sell price 23.36, a rank of 01, and is a hold. (ETF – GLDX current stoploss 34.90)
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 100% invested