In an effort to have a portion of my assets move in concert with the market, at the close today, I will be buying a 30% stake in EEM.
Long story made very short: I have a scoring system that I use to determine the “top” index ETF (chosing from SPY, DIA, QQQ, IWM, MDY, EEM and SHY). This system also produces a signal which I denote as “green” or “red”. When “green”, I rebalance funds once per month to the top rated ETF. If it is “red”, well, that is a different story for another time.
For the purposes of this post, what you need to know is that the signal is currently “green” and EEM is CRUSHING the other ETF’s…so that is where my money is going.
UPDATE: Order filled at 44.33
6 Responses to Portfolio Buy: EEM
what is your system based off of?
It’s basically a relative strength scoring system that compares each ETF to a benchmark (in this case S&P 500). Simple, yes. I’ll delve more into it in an upcoming post.
since you’re typing anyways, howsabout throwin a chart up here or is dat too much to ask?
There is no “chart”.
I use Excel for my data collection and analysis with this strategy…that’s it.
Looking forward to hearing more about it!
I look forward to delving into it.