While I don't imagine anyone is still reading my blog, since I haven't posted in over a year, I thought I would try to start posting again. With the markets being pretty jittery these days and with the up and down swings seeming alternating, I have been sitting largely in cash for the last few weeks. I am 84% in cash right now, and almost half of that is in corporate bonds with a good yield (and also a good capital return, it turns out).
For the last few weeks, half of the securities I have been in (and out of) have been negative ETF's - they go up when the markets go down. Most of the stocks and positive ETF's that I follow are in 'do not hold' territory - that is, they are below their 40-day moving average lines.
That said, there ARE a few securities that just said 'Buy' on Friday, so I will try to pick them up on Monday if they continue to rise. They are HSD, LIF.UN, PWF, and HBD. You may notice that two of these securities are negative ETF's - HSD bets against the US S&P index and HBD bets against the price of gold bullion.
I am not expecting any major positive influences on the markets any time soon - there is plenty of bad news coming out of Europe, the US economic recovery looks to be slowing, and we are coming up to the 'sell in May and go away' period of the year. I suspect that most of the securities that I will hold over the next few months will be negative ETF's but the moving averages will tell me what to buy (and sell).
If anyone IS still checking out my blog, I would be very interested to hear what you are doing (investment-wise) and which securities you hold or are looking at buying.
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