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- Last Update: 18 January 2021, 10:55
General Market Commentary
We also offer paint by numbers systems for bonds and gold. A diversified portfolio is offered below our commentary. As always, consult your own advisor and due your own due diligence.
In the time of Covid, our leaders are telling us that we should marry the idea that printing money is the only way to live. Markets are in love with stimulus. Houses are worth more and stocks are near all time highs. Rich Canadians are richer. Like Fiorimino%27s womanizing is a vice that masquerades as love, being promiscuous with money is an egoic addiction that can only end badly.
Our leaders%27 love is money and they can%27t be happy without it. Let%27s hope that our children don%27t drown in debt despite it.
The Call For The Week of Jan 18:
The end of the Trump era brought insurrection and volatility to the stock market. Stocks ended weaker while bonds and other safe havens rallied. Continue to focus on a diversified and balanced approach and wait for an entry at lower levels with new money.
Long: SPY=30% TLT=0% GLD=20% QQQ=30% cash=20%
Bullish when 5 out of 5 are true (+1) for each condition:
1. $SPX is above 65wk MA
2. Advance/Decline Line is trending up (buying power)
3. $TRAN is trending up (Dow Theory confirmation)
4. Utility Average MA rises (interest rate sensitive Utilities lead)
5. Bonds are trending up (interest rates are low)
Average holding period 392.3 days. 0.58 round trip trades per year. Longest drawdown duration 50 months vs. 73 for buy & hold.
64% winning trades since 1980. Beats buy and hold with less volatility (0.53 MAR Ratio).
Past performance is no guarantee of future results. This is not investment advice, but is for educational purposes only. Consult your investment advisor for additional information regarding suitability, fees, expenses and short term trading costs.
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