*** Status: Market Bullish - Sector Funds ***
The SP-500 continues to move higher. The general market trading filter I use (SP-500 53 day CCI) is at 151 indicating Market Up which is slightly up from 147 last week. My multiple composite SP-500 indicators on the daily chart are both positive also providing a bullish signal. As seen at the right the CCI(53) indicator is still positive for all the four major indexes.
The SP-500 has moved through previous resistance with the next obvious resistance level at about 1313. The Guppy Plot is bullish with the fast moving above the slow moving averages, and the average slope of the fast and slow moving averages remaining positive. The ADX components are also bullish. This week there are two changes to the model portfolios. The system is selling INPIX after a great run up over 30%. I hope you find this blog helpful. If you do, why not leave a comment.
This week's Rankings show sector funds are now at the top with bond funds at the bottom of the rankings. Ranking scores are color coded to indicate positive ranking scores (rate of change / volatility) in green, and negative ranking scores in red. Overall the list is sorted by overall rank but the score that makes up the rank can be positive or negative depending on the recent rate of change. The full list of the funds that are ranked can be found under the Funds tab. Current Rankings of the Funds can be found under the Rankings tab.
Sell INPIX in Schwab Portfolio
Sell SMPIX in Schwab Portfolio
Buy SCHA in Schwab Portfolio
Buy BMPIX in Schwab Portfolio
Model portfolios are listed here.
Performance (NOT including dividends):
Vanguard: 2.83 % (SPY: 17.33%)
Schwab: 9.02% (SPY: 17.07%)
Exclusive Verified Trading Systems
No positions at the time of this post.
What others are saying (all free sites): Overall Bullish
Barchart: 96% Buy (last week at 96%)
Bulkowski: Buy (shorter term signal CPI=74% down from 87%)
Buy-Don't Hold: Sell Signal
MTR Investors Market Timing Model: Market Up
My Trend Timer: Bullish
Stock Trends: Bullish
Winning Investing: Condition Green
Wishing Wealth: Up Trend
dshort.com: Invested (Note - monthly 10-EMA signal)
Click on Charts to Enlarge