The markets are continuing to move basically sideways, but I am still following the moving average rules and jumping in when the graphs tell me to. On Friday, I added HJU (Horizons Emerging Markets), HSU (Horizon US S&P 500), BTE.un (Baytex Energy) and PWF (Power Financial). I bought them all on upswings and 3 of them finished up for the day.
In addition to the holdings I added on Friday, I also currently own RUS (Russel Metals), MBT (Manitoba Telecom), TRP (TransCanada Pipelines), TCW (Trican Well Services), and HBU (Horizons Gold Bullion).
As I have posted earlier, I am still expecting a 5 - 15% pullback this month or next so I am ready to liquidate again, when the graphs tell me to. Currently, I am 26% invested in stocks (the rest in cash) and I am up 49.8% YTD. When the correction starts (if it does), I will stand to take some losses, but I can't make money if I am not in the market, at least to some extent. I have been as low as 3.5% in stocks this summer, and as high as 50%, and I expect my ratio to fluctuate with the markets. I tend to buy on the way up and sell on the way down, so I will keep posting my moves to detail my progress.
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