- Rank: 21
- Followers: 50
- Votes: 1,298
- Years Member: 13
- Last Update: 1 December 2021, 9:34
-
Categories:Canadian Stocks
General Market Commentary
ETFs
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.
The Call For The Week of Nov 29th:
The Omicron variant spooked investors last week pushing risk assets down sharply. The WHO imposed travel restrictions in several countries. Stocks declined on heavy volume while oil dropped 10% before recovering. If you have cash on the sidelines and a three year time horizon, scaling in here makes sense.
Long: SPY=30% TLT=0%, GLD=0% QQQ=30% Cash=40% Bitcoin: 0% (QBTC or BTCC%27b.TO)
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.
This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Service for more details.