Weekend Reading – Elliott Wave Update by Tony Caldaro

Posted on May 18, 2014 by Joel Wenger

Per Investors.com (IBD), the general markets are still in a correction. Friday marked the longest correction since 2008, and recent breakouts haven’t done much to turn the tide.

Elliot Wave continues to show uptrends for the intermediate and long term, with an expectation of a short-term rally in the very near future.

As always, let market action tell you what to do!

tony caldaro's avatarthe ELLIOTT WAVE lives on

REVIEW

Another week in which a new all time high was sold off. For the week the SPX/DOW were -0.3%, the NDX/NAZ were +0.7%, and the DJ World index was +0.2%. Economic reports came in about 2 to 1 to the positive. On the uptick: retail sales, business inventories, the PPI/CPI, the NY FED, housing starts, building permits, the WLEI, the monetary base, plus, weekly jobless claims improved and the treasury ran a surplus. On the downtick: export/import prices, industrial production, the Philly FED, the NAHB index, and consumer sentiment. Next week few economic reports, but we do have the FOMC minutes plus existing/new home sales. Best to your week!

LONG TERM: bull market

This Cycle wave [1] bull market continues to unfold as the general averages made all time new highs this week. We continue to expect this Cycle wave to unfold with five Primary waves from the March 2009 SPX 667 low…

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Weekly Reader – Personal Finance, Money Management, and Investing

Posted on May 11, 2014 by Joel Wenger

Personal Finance

  • Happy Quitting Day – One Year of Self-Employment? (Careful Cents)

Money Management

  • Getting money isn’t the problem…using it is!(CNN Money)

Investing

Odds and Ends

  • Pennzoil and Penske bringing ‘Yellow Submarine’ livery back for Indy 500 (AutoBlog)
  • Steve McQueen’s Ferrari 275 GTB/4 to be auctioned in Monterey (AutoBlog)

    Red Ferrari 275 GTB/4

    Steve McQueen’s Ferrari 275 GTB/4

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Weekend Reading – Elliott Wave Update by Tony Caldaro

Posted on May 11, 2014 by Joel Wenger

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).

tony caldaro's avatarthe ELLIOTT WAVE lives on

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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IVY Portfolio Summary,1973 to 2013: returns & risk

Posted on May 11, 2014 by Joel Wenger

libertatemamo's avatarInvesting For A Living

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.

IVY Portfolio Stats May 9 2014

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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Weekly Reader – Personal Finance, Money Management, and Investing

Posted on May 4, 2014 by Joel Wenger

Personal Finance

Money Management

Investing

Odds and Ends

  • Critical Thinking:  Headlines vs. Data (The Big Picture)
  • Critical Thinking Part II:  Underlying Motivation vs. Market Commentary (Washington Post)
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Weekend Reading – Elliott Wave Update by Tony Caldaro

Posted on May 4, 2014 by Joel Wenger

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).

tony caldaro's avatarthe ELLIOTT WAVE lives on

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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Weekly Reader – Personal Finance, Money Management, and Investing

Posted on April 27, 2014 by Joel Wenger

Personal Finance

Money Management

  • Asset Allocation – How to Allocate Your Net Worth By Age and Work Experience (Financial Samurai)

Investing

Odds and Ends

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