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General Market Commentary
We also offer paint by numbers systems for bitcoin, bonds and gold. An illustrative diversified portfolio of five ETFs is offered below our commentary. As always, consult your own advisor and due your own due diligence. Not investment advice.
The Call For The Week of May 16th:
Stocks stayed mostly on the back foot despite a late rally, as the S&P 500 and TSX each finished lower while bonds enjoyed a rally with the two-year yield sinking to its lowest since April 26. Gold remained under pressure, WTI crude oil rose and the CAD$ held near $0.77. Focus on capital preservation.
Long: SPY=0% TLT=20%, GLD=0% QQQ=0% Cash=80%
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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