Have We Seen The Bottom?

First let me say that I will likely not be posting next weekend, but will post when possible 

Last week I said I was comfortable doing nothing, but I did end up doing some selling. It was time to remove at least some of the protection so I sold the all of the SDS and about half of the SH 

The protection with short ETF's was to balance some illiquid mutual funds that are long in the market. For this account I am now looking at going into a bond fund and percentage-wise get my age into the bond fund and 100-age in the mutual fund...then just not worry about this account too much.

I do not like bond funds but I sure don't like mutual funds, so for this account the available bond fund is beginning to make a little sense and I will be giving it a try. Hopefully this will leave me a little freer to focus on stocks, ETF's and periodic reviews of dividend payers.

So what did I see in my weekend review?

Amazon was up nicely on Friday. I don't currently own it but try to follow it. My dividend payers have been doing well. Notably GWW hit a 52 week high last week.

IBD (Investor Business Daily) still shows: Market in Confirmed Uptrend

Copernicus Systems is still a little mixed and still showing to be short in my interpretation, but less so than last week. Money flows are still trending upwards and now so are the portfolio prices.

If I were ready to re-enter on Monday it would be with:

ETF's:  HHH and BBH

Stocks: MRVL, AMZN, and YHOO

...but I am not ready just yet

Currently my "Stocks for a Trade" now consists of:

(All gains or losses shown are the total since purchase)

AAPL  + 12.4 %, up nicely this week

ETF's for a trade are:

SH    - 6.41 %

GLD  + 2.18

GDX -1.78%

Have we seen the bottom? That is sure not clear to me yet

What will I do next week? I may move out of the rest of SH.

 

I hope you have a good week

I am pretty comfortable doing nothing

European financial issues and anything else still readily affects the US markets. Perhaps being reminded of the tragic events of 10 years ago exacerbated the drop on Friday.

So what did I see in my weekend review?

IBD (Investor Business Daily) still shows: Market in Confirmed Uptrend…. however they warn that the choppiness should urge caution

Copernicus Systems is no longer mixed with all systems now showing to be short…however money flows are trending upwards. I am learning to look for divergences and I see a divergence in some of the weekly portfolio prices trending down and the money flows trending up…does this mean an upward change is coming? I am not yet confident in my understanding but I will watch this closely to learn.  

 Currently my "Stocks for a Trade" now consists of:

(All gains or losses shown are the total since purchase)

AAPL  + 4.97 %, up about 1% this week

ETF's for a trade are:

SH    - 2.97 %

SH    - 1.41 %

SDS  - 5.76 %

GLD + 4.89%, but actually down this week

GDX +. 81% a new addition this week, an ETF of gold miners

Looking back at my earlier purchases of SH and SDS my timing could sure could have been better. These should be up, but I remember making these purchase on down days....perhaps I was a little fearful at the time and a little late. It is what it is and it is also protection to make me somewhat neutral against some illiquid mutual funds.

What will I do next week? I am pretty comfortable doing nothing and waiting to see if the market finds a fixed direction.

Have a great week

Brief Update

So what did I see in my weekend review?

My Dividend Payers are in general back to their 50 day averages.

On Friday the market gave up their gains for the week and gold has rallied once again. The gold miners look interesting. GDX is an ETF for this.

IBD (Investor Business Daily) still shows : Market in Confirmed Uptrend.

Copernicus Systems is still mixed, at least in my interpretation. Money flows have stopped falling are moving sideways and slightly up, but far from robust.

Currently my "Stocks for a Trade" now consists of:

(All gains or losses shown are the total since purchase)

AAPL  + 4.97 %

ETF's for a trade are:

SH    - 4.38 %

SH    - 2.59 %

SDS  - 8.29 %

GLD + 6.37%

With gold going like a rocket it is hard to add more. I may add some GDX on Monday, perhaps some more SH.....still need some more thought on all of this.

Have a great week