This is my monthly 401K post. The chart of the S&P500
(SPY) remains moving sideways with an up signal. That in itself is remarkable
as the talk of gloom and doom has far outpaced the actual performance of the US
markets. The bond markets are definitely showing pain. This is demonstrated on
the chart of TLT, long term treasury funds. PIMCO Global bond fund is pointing
down. And so is IYR Real estate funds ETF… one is left with a gloomy picture
and I have succumbed to it by going to cash. The technical should have me in
stock funds… but which ones?
In my current employer’s 401K the strongest funds to be in
are Fidelity Invst Div Intl, Fidelity Growth Strategies and Fidelity Blue Chip
growth. Bond funds in the 401K are currently losing money. International is
still holding up although it seems to be starting to turn down. Forget Real
estate funds right now… the Growth strategies are strong is also reflected by
the QQQs treading sideways. So the strong funds are going sideways, and the
weaker ones are swooning… not a comfortable time in the markets.
In my previous employer’s 401K the strongest funds are TRowe
Price Intl Disc, Fidelity Invst Div Intl and Fidelity Mt Vernon Growth. Once
again the international and growth funds show strength.
This is a time that if one is invested, it might be time to
pare down. But if the market breaks through the resistance, investors will pile
on in a hurry.
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