Before reading, please see the disclaimer in the 'About Me' section.
The Wilshire 5000 closed at 11,439.10, down from 11,499.54 since my last post on 2/19/10. The Wilshire 5000 is now 7.66% above it's 200-day moving average.
The Investor's Intelligence Survey was released on Thursday night. This week's reading was 41.1% BULLS, and 23.3% BEARS, for a spread of 17.8%. This is in comparison to a reading of 35.6% BULLS, and 27.8% BEARS, for a spread of 7.8% on February 17th. This is the highest Bull reading we have seen in over a month, as well as the largest spread.
The Volatility Index closed today at 19.50, down from 20.02 at the date of my last post. The VIX has now broken the 20 mark. It will be worth paying attention to see if the VIX stays below 20 for an extended period, as well as to see what the Investor's Intelligence Survey gives us in weeks ahead. This may be a sign that the market is getting back ahead of itself in the near term. Many have suggested that the recent correction was not quite deep enough, and the market needs to consolidate further.
Now for the portfolio...
1) Verizon at $28.93, down 12.46% for the year.
2) AT&T closed at $26.37, down 1.20% for the year.
3) GE closed at $16.06, up by 6.15% for the year.
4) Citigroup closed at $3.40, up by 2.72% for the year.
5) TBT, the doubleshort U.S. Treasury ETF closed at $47.05, down by 5.67% since my buy.
6) FXP, the doubleshort China ETF, closed at $9.05, up 4.99% since my buy.
7) GOOD closed at $13.98, up by 3.71% since my buy.
8) NLY closed at $18.38, up by 6.06% since my buy.
9) X closed at $52.94, up by 20.02% since my buy.
10) AAPL closed at $204.62, up by 5.61% since my buy.
Overall, the portfolio is up by 2.92% (-2.54% for the DOW Dogs), versus -.38% for the Wilshire 5000. The gap between my performance and the overall market has shrunk to 3.30% outperform, down from 3.42% last week.
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