The stock markets are at a key spot. Inflation signals are back with bonds and dollar down and gold and stocks up. I spent the weekend reviewing my indicators back to the late 1990's. Support is there for an upside breakout instead of another range trade reversal. But the sellers need to stop selling, and I have no inside information on that or anything else for that matter.
Bull markets show buying on pullbacks and buying on upside breakouts. We've seen the first but not yet the second. Since bonds and gold are so high it matters what sold-off stocks can do, even in retirement. I bought FPACX on big down days and am in the black. I have bought less PRPFX as it is often hard to judge its down days. Instead I have added a bit to ASA and GDXJ on gold down days. I also added a bit to mREITs and a few CEF's of the buy/write persuasion: EXG and ETV. This is in the LSBDX substitute category to raise overall IRA yields a bit. All of this is fairly minor wiggling to get positioned. I'm still up on the year about 1.7% overall. Hopefully indicators and seasonal tendencies for lows in October will work out.
Even more than usual I am trying to ignore news and politics, so much of which geared to selling something. Generally the market has a better idea of what's really important than pundits, the FED, or myself.
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