My apologies for the late update…my verbose employer/boss was describing a laundry list of new projects that we are going to be starting in the coming weeks and I wasn’t able to get this in before the market opened. As I ponder this information, while watching the market break to new all-time highs (on several indicies) and also witness real estate values in this once tepid region of the country accelerate, I have to think: “our economy might actually be doing pretty well”.
Yesterday marked day 42, which meant I was to “rebalance” assets based on my market ETF relative strength algo (using 21 days as my trigger, i.e., one month).
Thus, I sold MDY at 200.69 (from 199.01) and used the proceeds to buy the current top ranked ETF, IWM at 91.12. I am still over 50% cash and have recouped a decent amount of the losses I had incurred since 2/20.
Now that the markets are breaking to new highs, I’m going to look to deploy some of that cash into my favorite volume pocket candidates. Here is how the portfolio looks after yesterday:
-EM
