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Hello.
With the market close today February 8th Old_Skeet's market barometer reads 161 puting the 500 Index, based upon the barometer's metrics, on the borderline betweem undervalue and oversold.
What does the equate to in valuation movement for t…
Old_Skeet's market barometer closed Wednesday with a reading of 152 which is still in the fair value range on the scale. Should it reach a reading of 155 then the 500 Index will have moved to a borderline undervalue reading based upon the barometer…
Hello ...
Again, I'm thinking that the markets are saying to the FOMC ... Don't do anything stupid!
https://www.bloomberg.com/news/articles/2018-02-07/with-yellen-out-of-the-picture-get-ready-for-trump-vs-powell
From memory the Fed's raised rates…
Old_Skeet's market barometer report ... an update.
Last week's close of 2/2/18 had a reading of 144 indicating that the S&P 500 Index was in the low range of overvalued.
Today's close of 2/05/18 had a reading of 151 indicating that the S&P…
@dryflower,
In response to your comment ... to play along.
Again, I have no one favorite fund.
I built my portfolio around the sleeve system with each sleeve having a different risk profile and objective. Funds held within each sleeve vary somew…
In the hybrid fund area the three oldest and largest fund positions within my portfolio are Franklin Income Fund (FKINX) ... Income Fund of America (AMECX) ... and, Capital Income Builder (CAIBX).
I have owned FKINX since the 1960's ... AMECX since…
Hi @catch22,
There is a lot I don't know about electronic trading. But, I think it is possible for some of the computers to key off one another especially if they follow RSI. With this, yes ... I think it is indeed possible if one big trader star…
Hi @hank,
Thanks for stopping by and making comment. I appreciate you posting your perspective.
Going back to my barometer report. The barometer indicated that stocks were becoming more attractive for purchase over what they were a week ago. Wh…
Hello.
An interesting week in the markets this week over last week took place. Last week the S&P 500 Index finished the week being up 7.5% for the year and this week giving much of those gains back (-4.2%) and now being up 3.3% for the year as…
One of these days Mr. Hussman will be right. But, look how many times his forecast have failed ... from my memory ... a good number. Currently, I have no plans to buy this dip. Now, if this dip developes into something more ... then I'll do some …
@jerry,
Most of us on the board realise that the markets are extended. And, with this, I am glad to see you have a plan when the pullback comes. Currently, I don't score the little dip we've had this week of much concern. Earnings in the end wil…
Thanks @catch22,
Yes, it will be interesting to see how health care earnings are reported. About 10% of my equity money rides in health care with no spiffs in place. The health care hound has been on the move of late and with this I'm looking for…
@mfs,
From memory your research is believed, by me, to be good. The three North Carolina Muni funds I held were FXNCX (Franklin) ... ETNCX (Eaton Vance) ... and, you guessed it OPNCX (Oppenheimer).
And, yes I let all three of them go because of t…
@mfs,
Thanks for making comment.
A double tax free muni fund that I owned at one time was Franklin's North Carolina Tax Free Muni Fund. And, guess what? It held Puerto Rico bonds. And, I sold it long before Puerto Rico became a default issue …
Hi @Ted,
Thanks for making comment.
Yep, I guess much like Puerto Rico did. If I remember correctly Franklin and Oppenheimer plus some others took some pretty good sizeable positions in Puerto Rico's tax free muni's. And, What happened? Puerto …
I generally rebalance twice per year following a seasonal investment strategy where in the fall I generally load equities (around October) and In the spring (around May) I usually trim equities.
Doing this pretty much keeps me aligned within my ass…
Hello,
Here is another one that gives OMFL a good run and it is FTCS. FTCS is one that I use in the sector compass along with EQL. If one of the hounds can out run FTCS ... Well, it is moving. Seems all three of the pack are currently ahead. Th…
Hello.
Here is the weekly barometer report for the week and month ending January 26, 2018. I close each month on the last Friday of the month.
The S&P 500 Index has gained (year-to-date) about 7.5%. And, with this ... the barometer closed th…
Currently, in my income sleeve my average yield is 3.41%, my average duration is 3.0 years and my average maturity is 5.3 years. With this, I am not doing much. However, I am thinking of removing one of my shorter duration and lower yielding funds…
I use to mess in this space years back.
Now, I just hold extra cash so when the market pulls back I'v got some cash to do some buying. Plus the extra cash (including CD's) acts as a dampner and reduces portfolio volatility as David notes in his …
I like & own AIG SunAmerica's Focus Dividend Strategy (FDSAX). I have linked below it's fact sheet.
https://www-1012.aig.com/pdf/focused-dividend-strategy-portfolio-fact-sheet_s5110fs1.aspx
Thanks @Art,
I made some notes but did not put names on them. It could indeed be yours. So, I'll just modify the post and remove the funds but the message remains. If my memory is correct you earned the rank of Eagle in Scouting?
Hi @MikeM,
There are many multi strategy funds that work as a team. An example of this would be a fund-of-funds. Take American Fund's Growth & Income Portfolio Fund (GAIOX). It is a Morningstar four star fund that is comprised of six America…
Hi @MikeM,
I never had that kind of problem in a canoe (that you have described) with other scouts that I remember. My experience was that scouts work as a team ... and, if we had a straggler we'd off load some of his pack and carry it for him.
P…
Good morning @MikeM,
Thank you for your inquiry.
Old_Skeet has many investment strategies at play within his well diverisfied portfolio.
Currently, the Compass Strategy (which I'm thinking you are referencing) is momentum based strategy found i…
The utility sector makes up about six percent of Old_Skeet's portfolio. I'm thinking while the sector is out of favor makes for a good time to add some more utility funds. A couple of utility funds that I like but do not currently own are MMUFX an…
A trailing comment.
For those that currently own Franklin A share funds that they might not be completely satisified with (in most cases) they can do what is called a nav exchange into other Franklin A share funds without paying another sales charg…
Hello.
This is Old_Skeet’s weekly barometer report for the weekending January 19, 2018.
Last week I reported that the 500 Index was extermely overbought with a barometer reading of 128. This week the reading is found to be the same at 128 and, wi…
There are a good number of share classes available. I have provided a link below that gives these details along with the associated expense ratios.
http://financials.morningstar.com/fund/purchase-info.html?t=FRDPX&Country=usa
My plan ... Living within my means is step 1 of my plan with little or no bebt and a good cash flow. Being diverisfied within my risk tolerance is step two along with being mindful of asset values. Maintaining a sizeable cash position (built over ti…
Old_Skeet has three sleeves of funds with global orientation. In the growth & income area of my portfolio I have two sleeves. One is my global equity sleeve holding CWGIX, DEQAX & EADIX. The second is my global hybrid sleeve holding CAIBX…
Hi @Puddnhead,
A thought ... Something to buy during a selling stampede.
I don't own this etf ... but, a good number of my buddies in my local investor exchange group do.
It's ticker symbol is FTCS ... First Trust Capital Strength ETF. Below is …
Hello.
This is Old_Skeet's market barometer report for the weekending January 12, 2018.
Last week, I reported that the 500 Index was overbought with a reading of 134. This week the barometer dropped six more points to a reading of 128 which falls…
