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General Market Commentary
We also offer paint by numbers systems for bonds and gold. A diversified portfolio is offered below our commentary. As always, consult your own advisor and due your own due diligence.
The Call For The Week of July 26:
Stocks rebounded nicely last week with large gains in big cap tech names.Â There has also been a four week rally in bonds going on which is interesting because governments have been tapering their bond purchases.Â The Loonie bounced mid week but is three cents off recent highs.Â Continue to focus on owning stocks.
Long: SPY=30% TLT=0%, GLD=20% QQQ=30% cash=20%
Bullish when 5 out of 5 are true (+1) for each condition:
1. $SPX is above 65wk MA
2. Advance/Decline Line is trending up (buying power)
3. $TRAN is trending up (Dow Theory confirmation)
4. Utility Average MA rises (interest rate sensitive Utilities lead)
5. Bonds are trending up (interest rates are low)
Average holding period 392.3 days. 0.58 round trip trades per year. Longest drawdown duration 50 months vs. 73 for buy & hold.
64% winning trades since 1980. Beats buy and hold with less volatility (0.53 MAR Ratio).
Past performance is no guarantee of future results. This is not investment advice, but is for educational purposes only. Consult your investment advisor for additional information regarding suitability, fees, expenses and short term trading costs.
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