Markets Analysis: The markets have continued to move up in a
low interest rate environment and now fueled by the QE coming from Europe. My
stock chart on SPY (S&P 500) remains mysteriously pointing towards an exit
long signal while the markets have moved to new highs… The chart on QQQ shows
an Up signal. See charts below.
Looking at my past employer’s 401K the top performers that
the momentum method favors are Mt Vernon Growth, Cohen & Steers Realty and
Vanguard Instl Index funds. Next choice would be Artisan MidCap FD.
In my previous employers 401K funds the high performers are
Fidelity Growth Strategies, Spartan 500 Fund and Fidelity Fund. Fidelity Div Intl
has also broken out of its downward funk and is the 4th choice. The
chart below on Fidelity Growth Strategies shows a short term sell signal based
on being overbought. It has had a nice move up. The bottom of the barrel is
Royce Opportunities…which has not done well and is still in a consolidation
downwards...
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