Daiy Market Snaphot 02 29 2012

Daily Market Snapshot

The Bears are currently winning the battle for control.

Point Score View

Market Direction Model

 

 
Due to growing weakness in market internals, I did reduce our exposure to risk today. At this point, I am more interested in protecting our profits than fighting what appears to be an upcoming uphill battle.
 
 

Inflation Hedges Folio

 

Gold, silver and commodity prices declined in a big way on very heavy volume today. It was clear that the institutional players were in a big rush to exit these markets. The selloff seemed to be sparked by comments made by Ben Bernanke during his congressional testimony today. He seemed to imply that further Fed easing or quantitative easing was off the table for the foreseeable future. I did sell our precious metal and commodity holdings today.

Gold Chart

 

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

Daily Market Snapshot 02 28 2012

Daily Market Snapshot

We are seeing some deterioration.

 
 

Market Direction Model

The Small caps generally lead the market up or down.
The small caps have been weak. This is a negative.

 
 

%B Point Score

 

The %B Point Score is a litte different method of looking at the same data as the Daily Market Snapshot.
A -11 point score is a shot across the bow.

 
Continued signs of  internal weakness is a concern. Stock market futures are up for the last day of the month. I am inclined to begin reducing our risk exposure.
 
 
 
 

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

Daily Market Snapshot 02 27 2012

A pattern of morning sell offs followed by afternoon recoveries continues.
The Dow has yet to close above the 13,000 resistance level.
Just speculation, but I think it will close above that level this week.

Flexible Income Folio

US Preferred Stock Fund is one our holdings in the Flexible Income folio.

I like to superimpose two Bollinger Bands over a price chart. This gives us an easy visual method to determine whether an investment is trending or not. The US Preferred Fund is definitely trending. This ETF continues to provide some nice appreciation, as well as an above average yield.

Daily Market Snapshot

Video Spotlight - Cars that run on natural Gas

Gas prices are going higher. This will be a big problem for energy consumers around the world. Natural gas can be used to fuel cars, trucks and locomotives. Natural gas is dirt cheap. Click the link below to view a Cramer interview with the CEO of Westport Innovations. Westport has developed engines that can run on either gas or compressed natural gas.




http://www.gerritzwealthmanagement.com/cars-that-run-on-natural-gas-westport-innovations/

Daily Market Snapshot 02 23 2012

The market bouned back today.

The market regained its footing today. After a nice run, the market will often correct through either price or time. This is generally referred to as consolidation. It is both healthy and should be expected.

Well, we had about a week of consolidation in both our Flexible Income Folio and our equity folios as well. Maybe today's performance marks the beginning of the trend higher; we will see. 

I think the the following charts paint the picture better than my words.

Flexible Income Folio

 

 

After a week of consolidation the Flexible Income Folio
is rising once again.

New America Folio

The New America Folio also shows the recent consolidation and a possible
resumption of the trend.

Inflation Hedges Folio

Gold ETF (GLD)

With the printing presses in operation around the world,
Gold is once again making a run for its old highs.

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

Daily Market Snapshot 02 22 2012

The market made a weak showing today.

The market is getting a bit tired at this point. It has been a good run and perhaps it is time for a pause.

We are seeing some deterioration
in the Market Direction Model as well.

The spector of higher energy prices seems to be causing investors some distress.

Sector Performance

Materials and Energy have been the top
performers so far this week. Consumer Dicretionary and
Financials have turned in the worst performance.

In the past few days I have added positions in the energy and materials sectors to all model portfolios. I also liquidated positions in the financial and most consumer discretionary sectors.

If our market indicators continue to deteriorate I will not hesitate to protect client accounts.

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

K-1 Tax Forms

You more that likely have recieved some K-1 Forms from various unfamiliar companies. IRA accounts are exempt from having to files these is they total less that $1,000 total income. That is the case for most all of the accounts under my management. They are generated due a rule that is referred to as Unrelated Taxable Business Income. Just save them along with your tax receipts. You don't need to enter them in your tax returns. These are sent as a result of us investing in commodity or currency related assets from time to time.

Your custodian may send you a letter asking you to foward the K-1s to them, but, only if they exceed the dollar amount mentioned above.

Call if you have any questions concerning these K-1 forms.