Market Snapshot
 |
| Uptrend Resumes |
GWM Market Direction Model
Buy Signals
 |
| Blue Impulse Indicator Fire |
Chart View
Blue is Good - Red is Bad
Investor's Business Daily
F-T-D
is further confirmation
of our buy signal
Follow-Through-Day
on NASDAQ
04/10/2013
 |
| IBD Follow Through Day Buy Signal Confirmation |
Current Model Portfolio Holdings
 |
| Today's Performance |
The market dips continue to be bought. Our defensive positions participated nicely in today's rally.
I added to the Japan positions (DXJ and YCS) on the first buy signal a couple days ago and added some new positions this morning, i.e., Toyota.
I added to the Japan positions (DXJ and YCS) on the first buy signal a couple days ago and added some new positions this morning, i.e., Toyota.
The market has been full of mixed messages lately. Utilities, a defensive sector, rallied to an all time high, while at the same time, aggressive growth stocks bolt higher on the same day. This is odd behavior. A correction lies ahead somewhere, but just not today.
Our high conviction positions continue to work well. I have given the high-conviction moniker yet another GWM Model Portfolio position, the ProShares UltraShort Yen ETF (YCS). The Japanese are on a crusade to inflate their economy by driving down the Yen, making their exports more competitive abroad. It is working;Toyota and Honda are outperforming their US competitors by a wide margin.
The market is very unpredictable. So, I will continue follow it's lead, rather than gazing into my crystal ball.
No comments:
Post a Comment