Market background: The chart on SPY shows an Exit Up signal. Meanwhile DIA (Dow
Jones 30) is still holding on to an Up signal. Long term Bond funds TLT is
rising (See charts for all 3 below). Oil is getting decimated. The chart on USL
slopes downwards at 45 degrees with an unrelenting drop. Gold remains weak and
could slide lower with the US Dollar strengthening.. Real estate IYR is up. And
the US Dollar is strong against most international currencies… with the weakest
having been the Ruble. After the Russians raised interest rates on the Ruble
from 10% to 17%, the Ruble appears to have found a more solid footing. However
the Russian economy is in the tank due to lower oil revenues caused by low oil prices and a sliding Ruble.
Top choices for my current employer’s 401K monthly analysis using
my momentum analysis are Fidelity Growth, Spartan 500 and Fidelity Blue Chip.
In my previous employer’s 401K top fund picks are Cohen
& Steers Realty Fund, Fidelity Mt Vernon Growth and Vanguard Instl Index.
The economy shows strong GDP. Market is still pointing
upward. Interest rates are low. And should
we be thanking the speculators for dropping oil prices since we blamed them
when oil prices were above $100?
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