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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 Oct 11th:
Stocks bounced after two weeks of decline. Commodities rallied pushing the Loonie up agains the USD$ last week. Technology stocks continued to languish as did bonds as interest rates rose for the third straight week. Look to begin to deploy new capital near the 200d moving average.
Long: SPY=30% TLT=0%, GLD=0% QQQ=0% cash=65% Bitcoin: 5% (QBTC or BTCC%27b.TO)
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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