No, not all environmental, as in “let’s all hug a tree and drink Chai tea”. I’m talking about looking at committing more dollars to stocks. Currently, I’m hovering at 42% stocks, 58% cash, and looking to add to positions on a pullback (but not on a big selloff).
Just be cognizant that the NYSE Bullish Percent Index is now over the magical 30% threshold, the point at which it is time to start putting the offense back on the field (still in football mode).
I had guests over last night, celebrating our profitability over the past week. Therefore, I didn’t get the time to update my stock purchases, which I will do in The PPT later today.
However, lest I leave you wondering, here’s how the Optimal Alpha portfolio is doing currently, since the buys on Monday:
TXT +36.79%, AFL +36.46%, IX +30.88%, SFY +27.09%, WTI +26.80%, to name the top five. That group of stocks as a whole is up 15.79% since Monday.
Yesterdays buys are up 10.90% today as a group, which include: CENX +22.51%, FOE +17.36%, ACAS +17.30%, LDK +11.61%, ZLC +10.28%, MGM +9.31%, JTX +6.42%, SAY +3.68% and AINV -3.03%.
It behooves me to keep bottom fishing this rally with low-priced stocks that were formerly fliers. As long as it looks like they will be going concerns for the next year, it is an opportune time to wade into these with some of my money.
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