Up trend is still holding

It's been a while since my last post. The stock markets have been behaving pretty well the last 2 months. The SPY (S&P500) ETF has been moving up steadily since my Dec 2 post from $124.07 to $137.73 as of today (March 1)  for a 11% gain.

From the chart showed below, I still believe the general market is still trending up based on my observation of the relationship between EMA-20 and EMA-40 moving averages. As long as the EMA-20 stays above EMA-40, in my opinion that the trend still holds.

December dividend income

My December total dividend income in the IRA account is $2,968. The month of March, June, September and December which I will receive the most dividend payout from my stock holding and the rest of the months will be relatively smaller.

My goal for 2012 is to position my mid 6-digit figure IRA portfolio for a 3-5% growth and at the same time to collect 4-4.5% dividend income and it would be equal to $20,000+ for the year.

Here are my current core holding:

ABT
BND
CVX
ED
JPM
KO
MCD
MSFT
PFF
PM

I also added one mutual fund to collect 4+ % dividend. I think it should be it for the time being in preparing the year of 2012.

Wishing you all a Happy Holiday Season and a Happy New Year.

Ocean

Buy SPY at the market close today

I initiated the buy signal on SPY at the close of the market today. I hope it will continue to catch the up trend at least for the rest of this year.

Ocean Signal on 12/02/211 at market close: Buy SPY with the hypothetical initial investment of $10,000.

Note: Information given here are for entertainment purpose. No financial recommendation is meant to be given here and you should conduct your own analysis before investing.

Ocean Signal Calls

Two years ago I wrote an article in this blog talking about the beating the performance of Decision Moose using weekly simple moving averages. Of course my result from back testing couldn’t beat his published results. For those of you don’t know who is the person behinds Decision Moose, you can visit William Dirlam’s web site at http://www.decisionmoose.com. 

Just for fun, I decided to make my signal calls using available technical indicators to track these calls going forward. I will concentrate on ETF funds only and the funds will include SPY, IWM, EFA, DIA, QQQ, EEM, TLT, IEF, AGG etc. Similar to Decision Moose, I will choose one fund at a time and switch to other fund when signal changes.  The signal calls will be more frequent compared to Decision Moose because I will be using charts with shorter time frames. I will make the first signal call in the next few days and will see how the result will be at the end of next year.

Markets rebounded at the end of November

The markets ended with an incredible huge rebound at the end of November and I will take it anytime.

My November total dividend income in the IRA account is $1044 and the portfolio is up 2.8% since mid Oct.

Sold call options expiring on Dec 17 are:

1. CVX
2. KO
3. JPM
4. MCD
5. MO
6. MSFT
7. PM

Hope to accumulate more shares with dividend reinvested and will see how it goes.

Hanging in there

As the markets continue to drop, my IRA account balance is approaching to my mid October entry level. Have to say that I had a good run and I will continue to hold. I will wait for the bounce back and dividend payout going forward.

Rollover options to next month

My IRA portfolio is doing ok despite the recent market volatility. I have collected about $1000 dividend payout since mid October and the dividend was reinvested back into the stocks without commission. I have closed all the covered options expiring tomorrow and roll it over to next month to collect more premium. So far it works as planned. New covered options expiring next month are:

1. MSFT
2. MCD
3. CVX
4. PM
5. MO
6. JPM