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ETF portfolio April 26 th. 2011

Equities
Yet another turnaround week, just as I thought markets had found its logic again. Almost all sector and overall indicies turned bullish again. I really can only say that the reason must be QE2 still being a major factor and that all the cash in the market is being implimented at these elevated levels.

However stocks may be your best protection in a inflationary scenario. So it is worth holding some in your portfolio.

I used my last cash to buy DAX and QQQ. On the opening today I will take profits in my remaining gold and silver positions and buy Realestate (NYSEARCA:IYR), Semi conductor (NYSEARCA:SMH) and Tech (NYSEARCA:XLK).

Bonds
Nothing changed in the bond markets, Inflation linked bonds is still the place to be and longer dated bonds remain in neutral teritory.

Comodities
While Gold and Silver remain bullish I am getting elevation sickness at these levels and will take off my exposure. Primarily, I dont like the 5 year Silver chart - Looks a lot like a big bubble.

Copper and Oil also seem due for a correction and remain in neutral teritory.