Portfolio Update 3/14/10

Before reading, please see the disclaimer in the 'About Me' section.

The Wilshire 5000 closed at 11,984.30, up from 11,846.48 since my last post on 3/7/10. The Wilshire 5000 is now 11.29% above it's 200-day moving average, up from 10.72% on the date of my previous post. The Wilshire 5000 began the week more than 10% above it's 200-day moving average, and grew that margin over the course of the week.

The Investor's Intelligence Survey was released on Thursday night. This week's reading was 44.9% BULLS, and 23.6% BEARS, for a spread of 21.3%. This is in comparison to a reading of 42.1% BULLS, and 22.7% BEARS, for a spread of 19.4% on March 2nd. This is the highest Bull reading we have seen since January 19th, as well as the largest spread.

The Volatility Index closed today at 17.48, up from 17.40 at the date of my last post. The VIX has now been below the 20 mark for an extended period of time.

All of the data I have mentioned above, as well as the large profits that had been realized in X and C in a short period of time forced me to take profits this week. I now have $2,591.60 in free cash sitting on the sidelines, about 25% of my beginning balance of $10,000. Luckily, I took the profits in C on Thursday, as it was down big on Friday, down to $3.97. As a whole, I think the entire market is overbought in the short-term. If you've been following this blog, you would know that the data certainly points in that direction. When we get a correction, I will put all of the cash to use, possibly buying back into C and X.

Now for the portfolio...
1) Verizon at $29.73, down 9.80% for the year.

2) AT&T closed at $26.57, down .45% for the year.

3) GE closed at $17.04, up by 13.33% for the year, including the reinvestment of a recent dividend.

4) TBT, the doubleshort U.S. Treasury ETF closed at $47.85, down by 4.07% since my buy.

5) FXP, the doubleshort China ETF, closed at $8.29, down by 3.83% since my buy.

6) GOOD closed at $14.44, up by 7.09% since my buy, including the reinvestment of the monthly dividend.

7) NLY closed at $18.11, up by 4.50% since my buy.

8) AAPL closed at $226.70, up by 17.01% since my buy.

Overall, the portfolio is up by 7.76% (1.01% for the DOW Dogs), versus 4.23% for the Wilshire 5000. The current basket of eight stocks that I am invested in is up 2.91% year-to-date. The gap between my performance and the overall market has increased to 3.53%.