Before reading, please see the disclaimer in the 'About Me' section.
The Wilshire 5000 closed at 11,846.48, up from 11,439.10 since my last post on 2/25/10. The Wilshire 5000 is now 10.72% above it's 200-day moving average. The Wilshire 5000 was last 10% above it's 200-day MA back on 1/21 when the market closed at 11,539.80. The market then closed below 11,000 on 2/4/10, a correction of 4.9%.
The Investor's Intelligence Survey was released on Thursday night. This week's reading was 42.1% BULLS, and 22.7% BEARS, for a spread of 19.4%. This is in comparison to a reading of 41.1% BULLS, and 23.3% BEARS, for a spread of 17.8% on February 23rd. 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 17.40, down from 19.50 at the date of my last post. The VIX has now been below the 20 mark for over a week, and I see this as a sign that the market is perhaps a bit overbought. When added to the data of the Wilshire 5000, as well as the Investor's Intelligence Survey, the writing seems to be on the wall in the very near term.
Now for the portfolio...
1) Verizon at $29.23, down 11.32% for the year.
2) AT&T closed at $26.73, up .15% for the year.
3) GE closed at $16.35, up by 8.74% for the year, including the reinvestment of a recent dividend.
4) Citigroup closed at $3.50, up by 5.05% for the year.
5) TBT, the doubleshort U.S. Treasury ETF closed at $48.13, down by 3.51% since my buy.
6) FXP, the doubleshort China ETF, closed at $8.62, down by 3.48% since my buy.
7) GOOD closed at $14.13, up by 4.79% since my buy, including the reinvestment of the monthly dividend.
8) NLY closed at $18.14, up by 4.67% since my buy.
9) X closed at $58.90, up by 33.53% since my buy. This stock has shot up like a rocket. X last reached this level a month or so back when it got into the low $60's. Given the extent of my gain so far in this stock, and what I believe to be a looming market correction, I may take my profit on this one in the next few days.
10) AAPL closed at $218.95, up by 13.01% since my buy.
Overall, the portfolio is up by 5.05% (-.84% for the DOW Dogs), versus 3.04% for the Wilshire 5000. The gap between my performance and the overall market has shrunk to 2.01%.
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