The S&P 500 and Nasdaq Composite held up today, even after yesterday's big advance and bad news for real estate new home sales today. Market internals are still looking good for the moment. I did initaite new positions in SPY (S&P 500 Index etf) and QQQQ (Nasdaq 100 etf) this morning. As usual I will use a 7% trailing stop to protect these new positions. I have completely liquidated all traditional bond fund holdings for all accounts. These include PTTAX, TGLMX and MBB. Government bond have begun what may be a longer term price decline.
Our High Yield (junk) bond funds continue to rise in a low volatility uptrend. I use our moving average stop loss strategy to protect these positions.
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