Week 11: Reducing Exposure...
Trends have for the most part dissapeared, and may at best be in transformation mode. The chart below is typical of previously trending investments which have seen deteriorating trends for ~2 weeks now.
Transactions for the week
The deteriorating trends resulted in several sell signals early in the week:
- Sold positions in Agriculture (DBA), Russell 2000 (TNA), S&P 500 (UPRO), Aerospace (ITA), Midcaps (MWJ), Russia (RSX), DJIA (UDOW), Industrials (XLI), Media (PBS), Broker-Dealers (IAI), Real Estate (IYR), Water (PHO), Materials (XLB) and Consumer Discretionary (XLY).
- I added to my existing positions in Energy (ERX), Natural Gas Exploration (FCG) and Canada (EWC)
- I added to my existing positions in Energy (ERX), Natural Gas Exploration (FCG) and Canada (EWC)
I am at this point heavily into cash, waiting for trends to develop.
Performance for the year is sligthly positive (1.52%); charts with weekly performance and benchmarks follow:
What Next Week May Bring:
The energy sector came back after a short pullback; I may find myself adding more blocks to the energy-related positions. Short opportunities may also materialize.
Questions as always welcomed...
Boston