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Per Investors.com (IBD), the general markets remained in a correction. Elliot Wave continues to show uptrends across the board (short, mid, and long term).
REVIEW
The US markets spent the entire week in a narrow range of SPX 1860 to 1889, which occurred between 10am Wednesday and noon Thursday. The low, in fact, was hit just before FED chair Yellen addressed Congress, and the high occurred right after she addressed the Senate. For the week the SPX/DOW were mixed, the NDX/NAZ were -1.1%, and the DJ World was -0.3%. Economic reports for the week were all positive: ISM services, consumer credit, wholesale inventories, the WLEI, the M1-multiplier, plus the trade deficit and weekly jobless claims improved. Next week we get Retail sales, the CPI/PPI, and the NY/Philly FED.
LONG TERM: bull market
Project, monitor and adjust has been our mantra with OEW. Using the quantitative feature of OEW we can identify the significant waves, during bull and bear markets, quite easily. The more difficult part is, in some bull/bear markets, projecting the proper wave…
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Last July, I posted summary statistics for various IVY style investment portfolios alongside some of the more traditional recommended investment portfolios like the 60/40 stock/bond portfolio. See that post here. Now that 2013 is well and gone and that I’ve decided to start posting my musings again, I’ve updated the statistics to include 2013 performance.
Here are the summary stats for the various portfolios from 1973 to 2013.
For definitions on the various portfolios and the terms also see the previous post on this topic. As one would expect 2013 did not cause any dramatic changes to the long term performance of the portfolios. Diversified portfolios have done great over the long term and diversified trend following portfolios do even better. The biggest change was to the SP500, 100% stock portfolio, with its gangbuster year in 2013, which bumped up the overall CAGR by 0.5%. Furthermore, when you break…
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Personal Finance
Money Management
Investing
Odds and Ends
Per Investors.com (IBD), the general markets are still searching for confirmation of an uptrend, so the market outlook remains in a correction for the time being. However, Elliot Wave has diverged and now indicates we’re in uptrends across the board (short, mid, and long term).
REVIEW
The market made some progress this week. Thanks to the two gap up openings early in the week, and no surprises from the FED or Q1 GDP. For the week the SPX/DOW were +0.95%, the NDX/NAZ were +1.35%, and the DJ World index was +1.10%. Economic reports for the week remained positive. On the uptick: pending homes sales, ADP, Chicago PMI, personal income/spending, PCE, ISM manufacturing, construction spending, auto sales, Payrolls, factory orders, and the WLEI. On the downtick: Case-Shiller, Q1 GDP, the monetary base, and weekly jobless claims rose. Next week we get reports on ISM services and Consumer credit, plus Congressional testimony from FED chair Yellen on Wednesday.
NASDAQ
There are lots of counts being kicked around on the SPX/DOW. The NDX/NAZ, however, continues to display no signs of shifting from its count. While it has been pressuring the general market, it still has two more uptrends before ending Primary…
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Personal Finance
Money Management
Investing
Odds and Ends
Per Investor’s Business Daily, we’re still in a correction, which continues to match the short-term outlook from Elliot Wave.
Short-Term: Downtrend in search of support
Mid-Term: Uptrend in search of support
Long-Term: Uptrend
REVIEW
After a good rally last week, this week made a higher high then pulled back. For the week the SPX/DOW were -0.2%, the NDX/NAZ were -0.25%, and the DJ World index was -0.1%. Economic reports for the week were skewed to the upside. On the uptick: consumer sentiment, the monetary base, the WLEI, leading indicators, the FHFA and durable goods orders. On the downtick: the M1-multiplier, existing/new home sales, and weekly jobless claims were higher. Next week offers a plethora of economic data, including: Q1 GDP, monthly Payrolls and the FOMC.
LONG TERM: bull market
Over the holiday weekend I had the chance to review previous bull markets. The objective was to compare SPX/DOW/NAZ bull market OEW wave patterns, looking for subtle wave characteristics. Reported some of the findings in Monday’s update, and posted a modified DOW count. After further consideration this past week I have decided to shift the DOW count to the…
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