After a good gain on Monday and up and down days on Tuesday through Thursday, the week looked okay. That was until the massive sell-off on Friday. Not many of the securities that I held went below the 50-day moving averages but some of them did sell on Friday after I had set stop-losses under them to protect the gains I have already made. After having a great January in 2013 and then losing it all in the following months, I am trying to do better at conserving gains once they are made.
At the end of this week, I am still 71% invested and the rest is in cash, ready to deploy. I was down .67% for the week overall, while the Dow, by comparison, was down 3.5% for the week. If the market continues to slide, I will, no doubt, sell more things as they hit their sell signals, and I can always buy them back later when the buy signals come back.
One thing about using moving averages is that you want the market to pick a direction and keep moving in that direction for a while. That way, the averages have time to catch up and new buy or sell signals can be set up. If the corrections are too short-lived, the buy and sell signals come quickly after one another, and it is a bit frustrating. While I am not exactly trying to 'time the market', I also don't want to sit in securities while they plummet - it can take months or years for them to come back, if ever.
I still hold many precious metals securities - HBU (gold bullion), HGU (gold stocks), ZJG (gold small cap stocks), YRI, K, and MTO. I also own other miners like TKO (copper), PDN (uranium), S (various), FM, and LIM (iron ore).
My holdings are rounded out by DWI (sold some at higher levels, then bought it back after it dropped), EMA, LTS, LW, and MBT.
For Monday, there are a few securities that are at buy signals that I am looking at, depending on how the market looks - HBU (considering buying more, because even if the price of gold moves up, gold stocks could easily get caught in the downdraft), HOU (oil is looking stronger), HSD (down goes the DOW), XVX (has the TSX-V exchange bottomed?), and TLM (takeover rumours, but stock is near its recent highs).
With the way last week ended, I am a little skittish about putting more money into the market BUT buying when everyone else is selling is a great way to get the securities at lower prices. You know the old adage - "Stocks are the only thing that people don't want to buy when they are on sale". It is hard to go against this, but following the moving averages does help to take much of the emotion out of investing, which is one of the keys to good profits.
For 2014, I am up 8.28% YTD, so I am still pretty happy with that.
Saturday, January 25, 2014
Friday, January 17, 2014
A Great Week for My Stocks :)
For the 5 trading days this week, I am up about 7.1% overall - an exceptional return for one week (many would be satisfied with this return for a whole year). The challenge is to pare back holdings of good performing stocks and selling some of them into strength to lock in gains. Right now, I am over 95% invested in securities (more than I would like, but I follow what the graphs tell me), and it worked out well last week. I ended last week 78% invested in securities (by securities, I mean stocks and ETF's).
As I mentioned on Monday, this week began with the Goldcorp offer for OSK, and I sold my shares into the offer at the end of day. I said at the time that I thought the offer would be improved but wanted to deploy the money elsewhere - OSK is a bit higher now than where I sold it at 6.25 but not much.
Another gold stock I hold - AUQ - actually went up MORE since its January 9th close than OSK has (33% vs. 31%) and that is WITHOUT a takeover offer for AUQ. Due to this rapid increase, I sold half of my position yesterday and half of the remaining shares again today. I kept some OSK in case it keeps going up, but I wanted to lock in gains.
Note: While I do use the 50-day moving average (MA) line to decide when to buy stocks (and usually when to sell them), if they exceed my target price (especially if done rapidly, on no news), then I have no problem locking in gains. I didn't sell them outright - I put in tight stop losses on them - but they sold on dips.
Right now, gold securities are doing well, and I bought the ones I did because their price passed upwards through their 50-day MA. I still hold HGU (gold stock ETF), ZJG (small cap gold stocks ETF), YRI (large producer), and smaller producers SAS and MTO. The last two are the most speculative but both are current gold producers and MTO, in particular, has been growing their monthly production steadily all last year and they produced over 4,500 oz of gold in December.
I also own some base metal plays, which also hit buy signals recently - FM, LIM, PDN (uranium), TKO, SLW, and S.
A stock I wrote about on Monday - DWI (Dragonwave) - announced earnings this week and also announced a new contract with 'a large US carrier' but did not give a value for the contract. A couple of days later, DWI not only announced a deal with a company to sell their products to the Chinese market (which is growing out cell networks rapidly and needs lots of hardware), but the first sales under this contract have already been delivered. Needless to say, DWI jumped on this news and has largely kept the gains throughout the rest of the week. I sold about 15% of my DWI that I purchased at lower levels to lock in some gains, but still hold the rest.
To round out my holdings, I have EMA, SLF, CR, LTS, L, and MBT, Of all of the securities I own right now, none are showing sell signals - they are all holds except LIM and LTS that are current buys (I already have some of each so I won't buy more right now).
This fantastic week for me was during a week that the overall stock markets (especially in the US) didn't do that great, but that is largely due to my gold and base metals holdings. I also saw a story today about how there may be a shortage of physical gold and how this could really drive up gold prices if people start demanding physical delivery of their gold. While all of this news is good for the gold stocks I hold, it isn't the reason that I bought them in the first place, as I simply follow the moving average.
I could easily give back some of this week's gains once trading resumes this week, but it sure feels good to have such a good week. I am up 6 days in a row now, and 8 of the last 9.
As I mentioned on Monday, this week began with the Goldcorp offer for OSK, and I sold my shares into the offer at the end of day. I said at the time that I thought the offer would be improved but wanted to deploy the money elsewhere - OSK is a bit higher now than where I sold it at 6.25 but not much.
Another gold stock I hold - AUQ - actually went up MORE since its January 9th close than OSK has (33% vs. 31%) and that is WITHOUT a takeover offer for AUQ. Due to this rapid increase, I sold half of my position yesterday and half of the remaining shares again today. I kept some OSK in case it keeps going up, but I wanted to lock in gains.
Note: While I do use the 50-day moving average (MA) line to decide when to buy stocks (and usually when to sell them), if they exceed my target price (especially if done rapidly, on no news), then I have no problem locking in gains. I didn't sell them outright - I put in tight stop losses on them - but they sold on dips.
Right now, gold securities are doing well, and I bought the ones I did because their price passed upwards through their 50-day MA. I still hold HGU (gold stock ETF), ZJG (small cap gold stocks ETF), YRI (large producer), and smaller producers SAS and MTO. The last two are the most speculative but both are current gold producers and MTO, in particular, has been growing their monthly production steadily all last year and they produced over 4,500 oz of gold in December.
I also own some base metal plays, which also hit buy signals recently - FM, LIM, PDN (uranium), TKO, SLW, and S.
A stock I wrote about on Monday - DWI (Dragonwave) - announced earnings this week and also announced a new contract with 'a large US carrier' but did not give a value for the contract. A couple of days later, DWI not only announced a deal with a company to sell their products to the Chinese market (which is growing out cell networks rapidly and needs lots of hardware), but the first sales under this contract have already been delivered. Needless to say, DWI jumped on this news and has largely kept the gains throughout the rest of the week. I sold about 15% of my DWI that I purchased at lower levels to lock in some gains, but still hold the rest.
To round out my holdings, I have EMA, SLF, CR, LTS, L, and MBT, Of all of the securities I own right now, none are showing sell signals - they are all holds except LIM and LTS that are current buys (I already have some of each so I won't buy more right now).
This fantastic week for me was during a week that the overall stock markets (especially in the US) didn't do that great, but that is largely due to my gold and base metals holdings. I also saw a story today about how there may be a shortage of physical gold and how this could really drive up gold prices if people start demanding physical delivery of their gold. While all of this news is good for the gold stocks I hold, it isn't the reason that I bought them in the first place, as I simply follow the moving average.
I could easily give back some of this week's gains once trading resumes this week, but it sure feels good to have such a good week. I am up 6 days in a row now, and 8 of the last 9.
Monday, January 13, 2014
Market Uncertain, But Almost Fully Invested
All the pundits and business TV channels are talking doom and gloom right now and are predicting corrections in the US stock market of 10 - 15%, and they are also predicting that gold will fall further. Well, listening to this 'news' isn't part of my investing strategy, thankfully, and I simply need to follow the moving averages and watch the graphs.
As of yesterday, I am a bit over 78% invested right now, with the rest in cash (but with a few more securities showing a BUY signal. I am holding quite a few precious metal securities right now - HGU, SLW, AUQ, and YRI and I just sold OSK today. I had bought OSK on Dec 30 at 4.71 during tax loss selling (when it showed a buy signal) and sold it today at 6.23 after Goldcorp made an unsolicited bid for OSK. The final price paid for the OSK shares will likely be higher but since it is tied to G's share price (and I already have enough other gold stocks), I decided to sell my OSK and move on.
I also have some base metal securities - PDN, FM, LIM, and SAS and oil & gas stocks like CR and LTS. Rounding out my securities holdings are SLF, EMA, LW, and MBT.
I am more heavily weighted in base metals and precious metals overall than I would like to be at any one time but the bottom line is that I follow the buy signals and right now there are a lot of them in these areas. The US markets and Canadian financials have been going down lately, and I have not been in those markets since I sold my shares to lock in gains (sold HFU, HSU, and HQU).
There are a few securities that I am looking to pick up tomorrow (new BUY signals), including MEG, S, and ZJG (junior gold ETF, that I may not buy since I already have a few gold stocks). G is also a new buy, but having just sold my OSK (that will likely turn into G shares when the takeover is approved), I may avoid G.
A few of my current holdings are also close to a SELL signal, including LIM and LTS but I won't let go of them until their share price goes below the 50-day average, as is my guideline.
If stocks DO correct, then even if the price of gold bullion goes up, the price of gold shares may follow the market down, but I will just keep an eye on the charts and make that decision when the time comes.
Lastly, another of my holdings - DWI - has done pretty well the last month or so and they came out with earnings today after the close. They lost money in the quarter but less than expected, and they also announced a new contract with a large US wireless carrier (although they didn't give the contract value), so I think it may go up a bit tomorrow (it isn't close to the moving average line, so no real danger right now). This stock has suffered lately but looks to have bottomed about a month ago and this new contract should really help them out.
Until next time...
As of yesterday, I am a bit over 78% invested right now, with the rest in cash (but with a few more securities showing a BUY signal. I am holding quite a few precious metal securities right now - HGU, SLW, AUQ, and YRI and I just sold OSK today. I had bought OSK on Dec 30 at 4.71 during tax loss selling (when it showed a buy signal) and sold it today at 6.23 after Goldcorp made an unsolicited bid for OSK. The final price paid for the OSK shares will likely be higher but since it is tied to G's share price (and I already have enough other gold stocks), I decided to sell my OSK and move on.
I also have some base metal securities - PDN, FM, LIM, and SAS and oil & gas stocks like CR and LTS. Rounding out my securities holdings are SLF, EMA, LW, and MBT.
I am more heavily weighted in base metals and precious metals overall than I would like to be at any one time but the bottom line is that I follow the buy signals and right now there are a lot of them in these areas. The US markets and Canadian financials have been going down lately, and I have not been in those markets since I sold my shares to lock in gains (sold HFU, HSU, and HQU).
There are a few securities that I am looking to pick up tomorrow (new BUY signals), including MEG, S, and ZJG (junior gold ETF, that I may not buy since I already have a few gold stocks). G is also a new buy, but having just sold my OSK (that will likely turn into G shares when the takeover is approved), I may avoid G.
A few of my current holdings are also close to a SELL signal, including LIM and LTS but I won't let go of them until their share price goes below the 50-day average, as is my guideline.
If stocks DO correct, then even if the price of gold bullion goes up, the price of gold shares may follow the market down, but I will just keep an eye on the charts and make that decision when the time comes.
Lastly, another of my holdings - DWI - has done pretty well the last month or so and they came out with earnings today after the close. They lost money in the quarter but less than expected, and they also announced a new contract with a large US wireless carrier (although they didn't give the contract value), so I think it may go up a bit tomorrow (it isn't close to the moving average line, so no real danger right now). This stock has suffered lately but looks to have bottomed about a month ago and this new contract should really help them out.
Until next time...
Monday, April 15, 2013
Recent Market Action (gold plunge, market drop, etc.)
As I typically do, I had been lightening up on stocks heading into April, as stocks tend to not do well in the April to June time frame (at least, if not the whole summer). For the last little while, I have only been 40-45% invested in stocks, with the rest in cash or t-bills. My main goal at this time is preservation of capital but I also want to have cash on-hand to buy back into stocks when they are cheaper (at some point). Since I trade on momentum, using moving averages, once stocks pick a direction (up or down), I want them to keep going in that direction for at least a few months.
That said, I HAVE some securities in my portfolio right now - mainly ETF's. I am in one UP ETF - for natural gas (HNU) and it has done very well since I purchased it in early March at 12.29 (even with the drop today, it is well over 16.00).
I am mainly in the DOWN ETF's - those that go up in value as the underlying security or commodity goes down. I am currently in the down ETF's for Canadian financials (HFD), the TSX (HXD), oil (HOD) and just today I bought some of the down US S&P (HSD) in anticipation of a correction in US markets. The HSD purchase was made more on sentiment and seasonality than on the moving averages, since HSD is approaching a buy signal but has not reached it yet.
I am also in LW, a retirement home REIT that has a good payout and seems to do well when the markets are in turmoil (presumably because people are looking for yield). I also bought some DEE today - a stock that I had made money on recently and that I bought back at a lower price (1.19) than I last sold it at (1.31) and it actually closed higher today, at 1.24.
I am in no hurry to put any more of my money into action but I may buy more of the down ETF's if this trend continues. For now, I am happy to not only have huge losses as the market corrects, but I actually MAKE some money.
That said, I HAVE some securities in my portfolio right now - mainly ETF's. I am in one UP ETF - for natural gas (HNU) and it has done very well since I purchased it in early March at 12.29 (even with the drop today, it is well over 16.00).
I am mainly in the DOWN ETF's - those that go up in value as the underlying security or commodity goes down. I am currently in the down ETF's for Canadian financials (HFD), the TSX (HXD), oil (HOD) and just today I bought some of the down US S&P (HSD) in anticipation of a correction in US markets. The HSD purchase was made more on sentiment and seasonality than on the moving averages, since HSD is approaching a buy signal but has not reached it yet.
I am also in LW, a retirement home REIT that has a good payout and seems to do well when the markets are in turmoil (presumably because people are looking for yield). I also bought some DEE today - a stock that I had made money on recently and that I bought back at a lower price (1.19) than I last sold it at (1.31) and it actually closed higher today, at 1.24.
I am in no hurry to put any more of my money into action but I may buy more of the down ETF's if this trend continues. For now, I am happy to not only have huge losses as the market corrects, but I actually MAKE some money.
Wednesday, February 6, 2013
First post in a while...
Sorry that I have been neglecting this blog for the last many months (not that there is anyone reading it anyway), but I thought I would update it today since a friend asked me about it.
The markets, in general, have been doing very well so far this year. I am up 4% overall so far this year (in a little over a month), so I am happy with that. Although I follow the moving averages, for the most part, to decide when to buy and sell, when the markets start to hit new highs, I cut back my levels in stocks. For that reason, I am only 20% invested in stocks right now, as I expect a pullback of 5 to 10% to come in the next couple of months. Company earnings have been mixed this quarter, and the market just seems to be overbought.
I have recently moved from using the 40-day moving average to the 50-day MA - it smooths things out a bit and it is a more common time period to use. The stock graphs seem to indicate that many of the stocks I follow adhere better to the 50-day MA as an indicator than they do the 40-day MA.
I do own a few stocks right now - Suncor, MEG Energy, Iron Ore Income Fund, Thompson Creek, and Imperial Oil. I bought Blackberry a couple of days ago when it bounced off the 50-day MA but I sold it yesterday after gains of 12% and 6% in two consecutive days (very volatile stock, so better to take gains when you get them, as it can easily go right back down).
As the markets are high right now, many stocks that I follow are already in 'Buy' territory, so I won't get an indicator to purchase them unless they go down and bounce off their 50-day MA (like BB did two days ago). I AM looking to purchase Silver Wheaton (SLW) and Major Drilling (MDI) today, if they go up through my stop buys (I still buy all stocks on stop buys, to ensure that they have at least a bit of momentum.
Commodities (mostly metals) haven't done too well lately, so many of them are in 'don't hold' territory right now, so if they strengthen they could give 'Buy' signals quite easily. One example of this is SLW right now.
I will try to be better at updating this blog every week or so, with what stocks I am holding at that time, what percent of my money is invested in stocks, and how my YTD return is doing.
The markets, in general, have been doing very well so far this year. I am up 4% overall so far this year (in a little over a month), so I am happy with that. Although I follow the moving averages, for the most part, to decide when to buy and sell, when the markets start to hit new highs, I cut back my levels in stocks. For that reason, I am only 20% invested in stocks right now, as I expect a pullback of 5 to 10% to come in the next couple of months. Company earnings have been mixed this quarter, and the market just seems to be overbought.
I have recently moved from using the 40-day moving average to the 50-day MA - it smooths things out a bit and it is a more common time period to use. The stock graphs seem to indicate that many of the stocks I follow adhere better to the 50-day MA as an indicator than they do the 40-day MA.
I do own a few stocks right now - Suncor, MEG Energy, Iron Ore Income Fund, Thompson Creek, and Imperial Oil. I bought Blackberry a couple of days ago when it bounced off the 50-day MA but I sold it yesterday after gains of 12% and 6% in two consecutive days (very volatile stock, so better to take gains when you get them, as it can easily go right back down).
As the markets are high right now, many stocks that I follow are already in 'Buy' territory, so I won't get an indicator to purchase them unless they go down and bounce off their 50-day MA (like BB did two days ago). I AM looking to purchase Silver Wheaton (SLW) and Major Drilling (MDI) today, if they go up through my stop buys (I still buy all stocks on stop buys, to ensure that they have at least a bit of momentum.
Commodities (mostly metals) haven't done too well lately, so many of them are in 'don't hold' territory right now, so if they strengthen they could give 'Buy' signals quite easily. One example of this is SLW right now.
I will try to be better at updating this blog every week or so, with what stocks I am holding at that time, what percent of my money is invested in stocks, and how my YTD return is doing.
Saturday, May 19, 2012
Enjoying the market slide...
I know that is a bit of a strange title for the post, but recall that I have always said that I don't care is the market goes up or down, as long as it picks a direction and sticks with it for a while. Since I trade on momemtum (using the 40-day moving average), I stand to gain as long as the market (or a particular security) continues to move in the same direction.
In late April and early May, the moving averages told me to get out of stocks and the positive ETF's and then to get into the negative ETF's a few days later. Now, I had been burned on this type of signal before, as the market just lingered and reversed course a few days later back to the positive. In this scenario, an investor who doesn't touch their holdings tends to break even but an investor who follows moving average signals (like me) tend to lose as stocks reverse course (twice, in this case) quickly.
This time, I was happy to get out of stocks (at first) and preserve capital. After a couple of days, though, when it looked like the market would continue to drop, I bought into HBD (to bet against gold bullion), and HSD (to bet against the US S&P index). Both bets have worked well for me so far, and I got out of the HBD a couple of days ago when the price of gold started to rebound.
One commodity, natural gas, has done well over the last little while, and I have enjoyed some gains in HNU (leveraged, so be careful) as the price of natural gas went up. Even though it has a lot more room to recover, I think the time of year is wrong for a full recovery so I got stopped out of HNU late this week.
A new way to profit from a market downtown, the US VIX, or volatility index, is also of interest to me. HVU (an ETF that returns roughly double what the VIX percentage gain / loss is) went into buy territory recently (under $5), so I picked some up. With the HVU price now at $6.51), the percentage gains have been good. While I will continue to play HVU, history indicates that the highest volatility is usually later in the summer (July / August), so the market may bounce positively a bit before then. Either way, my gains in HVU are good enough that I can endure a bit of a slide and still have a profit.
The goal in markets like this is not necessarily to profit (by holding the inverse ETF's), it is to preserve capital by NOT holding the securities that are going down. North American markets were down 3 - 5% this week alone, so by not holding any of these securities, I have saved myself this money. That is not counting the 1.4% I actually MADE this week on the securities above, so my effective return is more like 4.4 to 6.4% for this week alone.
By following moving averages, I will never sell at the top of the market or get in exactly at the bottom. I will, however, benefit from downward moves in the market like we are in now, as share prices (and their moving averages) drop to lower levels. As stocks recover and pass up through their 40-day moving averages, I will get signals to buy them back, at levels much lower than where I sold them. This is why my method is much better than the 'buy and hold' method that most (lazy) advisors employ and try to convince investors is the best way to go. Those that advocate holding dividend-paying stocks through thick and thin should look at this week - overall, investors lost all of the dividend interest return for the ENTIRE YEAR in only this SINGLE week.
So far this year, I am up 4.4% overall. This compares to the TSX at -5.64%. (yes, I am currently beating the TSX return by just over 10%). This compares to the US S&P 500 at 3.86% YTD.
I am not sure if I will get into the inverse ETF's more or not (the HED, HFD, HQD, HOD, and HXD have also done very well lately) but I will remain mostly in cash and wait for things to turn positive again and jump back into stocks and the positive ETF's. For now, I am happy to preserve capital and profit slightly from my investments discussed above.
In late April and early May, the moving averages told me to get out of stocks and the positive ETF's and then to get into the negative ETF's a few days later. Now, I had been burned on this type of signal before, as the market just lingered and reversed course a few days later back to the positive. In this scenario, an investor who doesn't touch their holdings tends to break even but an investor who follows moving average signals (like me) tend to lose as stocks reverse course (twice, in this case) quickly.
This time, I was happy to get out of stocks (at first) and preserve capital. After a couple of days, though, when it looked like the market would continue to drop, I bought into HBD (to bet against gold bullion), and HSD (to bet against the US S&P index). Both bets have worked well for me so far, and I got out of the HBD a couple of days ago when the price of gold started to rebound.
One commodity, natural gas, has done well over the last little while, and I have enjoyed some gains in HNU (leveraged, so be careful) as the price of natural gas went up. Even though it has a lot more room to recover, I think the time of year is wrong for a full recovery so I got stopped out of HNU late this week.
A new way to profit from a market downtown, the US VIX, or volatility index, is also of interest to me. HVU (an ETF that returns roughly double what the VIX percentage gain / loss is) went into buy territory recently (under $5), so I picked some up. With the HVU price now at $6.51), the percentage gains have been good. While I will continue to play HVU, history indicates that the highest volatility is usually later in the summer (July / August), so the market may bounce positively a bit before then. Either way, my gains in HVU are good enough that I can endure a bit of a slide and still have a profit.
The goal in markets like this is not necessarily to profit (by holding the inverse ETF's), it is to preserve capital by NOT holding the securities that are going down. North American markets were down 3 - 5% this week alone, so by not holding any of these securities, I have saved myself this money. That is not counting the 1.4% I actually MADE this week on the securities above, so my effective return is more like 4.4 to 6.4% for this week alone.
By following moving averages, I will never sell at the top of the market or get in exactly at the bottom. I will, however, benefit from downward moves in the market like we are in now, as share prices (and their moving averages) drop to lower levels. As stocks recover and pass up through their 40-day moving averages, I will get signals to buy them back, at levels much lower than where I sold them. This is why my method is much better than the 'buy and hold' method that most (lazy) advisors employ and try to convince investors is the best way to go. Those that advocate holding dividend-paying stocks through thick and thin should look at this week - overall, investors lost all of the dividend interest return for the ENTIRE YEAR in only this SINGLE week.
So far this year, I am up 4.4% overall. This compares to the TSX at -5.64%. (yes, I am currently beating the TSX return by just over 10%). This compares to the US S&P 500 at 3.86% YTD.
I am not sure if I will get into the inverse ETF's more or not (the HED, HFD, HQD, HOD, and HXD have also done very well lately) but I will remain mostly in cash and wait for things to turn positive again and jump back into stocks and the positive ETF's. For now, I am happy to preserve capital and profit slightly from my investments discussed above.
Sunday, April 15, 2012
First Post in a Long Time - Mostly in Cash Right Now
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.
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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