The stock market remains volatile confirming the negative technical condition of the market spelled out last week. It could take a week or two before we know if the recent declines are the beginning of a major downtrend or just a normal bull market correction nearing its end.
At the moment we are sitting safely in cash with the exception of our two remaining bond / income fund positions. Our high yield fund position is nearing its 50 day moving average. If the share price crosses over that line in the sand we will get a sell signal.
The big benefit of having a defined risk management plan in place is that we don’t have to anguish over making tough decisions. We merely remain disciplined and follow the plan.
What is the importance of the Morningstar rating. I can't see where a high rating has more benefit than a mid (**) rating. Phil
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