ETF portfolio May 16 th. 2011
Seeking Alpha Analyst Since 2009
- "All is quite at the western front".
Equities
Banking (XLF) and Materials (XLB) moved into bearish mode this week and equities seem more and more over priced both fundamentally and technically. I am still long Utillities, but will most likely be stopped out on further weakness in the markets.
Looking to go short in Nasdaq (PSQ) on further drops.
Bonds
While being my safehaven it seem inflation linked bonds are loosing momentum. I closed my US tips at fridays close and keep a tight stop on my German tips.
I have increased my Treasury holdings. But may just be there until a cleare picture evolve in equities. Really not sure what will happen after QE2.
Commodities
feel a new Quote coming up: "Game over man, Game over" - Aliens
This market have been overcrowded for quite awhile by retail speculators rushing in and hedgefunds spreculating against the USD. As one get burned and the other rush to unwind, this could get very ugly.
All except Gold is bearish and will remain so for a long time unless something significant happen on a Macro scale. Unless you are holding physical positions for the long term or asset allocation reasons - stay away!!!!
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