Sunday, May 23, 2010

Market ended with late day rally on Friday but it is not enough ..

The market came back in the black on late Friday but the damage had been done for all 3 simulated portfolios. YTD returns of these portfolios are in the negative territory now.

The overall markets seemed to be heading downward according to the moving average indicators. The S&P 500 Index closed below its 39 weekly moving average (WMA). The Ocean Portfolio will initiate some inverse ETFs buy once the 4 WMA crosses below the 39 WMA. The TSP portfolio is now sitting on the AGG bond index and the Trader's Pick portfolio is holding the PSQ (inverse) as of end of 5/21.

No comments:

Post a Comment