Setup for Portfolio Re-balance

On Friday I took advantage of the relief rally to sell base positions so that I can prepare to re-balance for what I believe will be an inevitable recovery.  I sold and fully closed out of the following positions: IXJ  Global Health Care ETF NVO  Novo Nordisk SCHB  US Broad Market ETF SCHE  Emerging MarketContinue reading “Setup for Portfolio Re-balance”

Stimulus Dead Cat Bounce?

The market has been bouncing on passage of the Emergency Stimulus.  Will it hold or is this simply a dead cat bounce? My guess is that this counter trend rally won’t hold.  Next week as the USA death count rises, the market will likely crater again.  But it won’t lead to an economic collapse, theContinue reading “Stimulus Dead Cat Bounce?”

2nd Day of Panic Selling !!!

Today the S&P 500 was down another 3%.  It broke support at the 100dma and is down about 8% from the peak…approaching a technical correction.  The VIX topped 30. Where’s the bottom?   I have no idea.  I bought again today (US Broad Market Index SCHB). During the 2018 CRASH, I bought multiple dips because IContinue reading “2nd Day of Panic Selling !!!”

COVID-19: it’s a virus not Stage IV cancer

The markets were spooked today as the Wuhan coronavirus COVID-19 continues to spread outside of China. The S&P 500 dropped 3.35%, exceeding the initial virus selloff on 1/31/2020.  Could things get worse?  ASBOLUTELY !!!  But I remain optimistic and see this as another opportunity to position my portfolio for long term profit, not short termContinue reading “COVID-19: it’s a virus not Stage IV cancer”

Wuhan Coronavirus Hysteria…buying opportunity?

The Wuhan coronavirus continued to spook the markets.  Today is the 5th trading session since the virus was confirmed in the USA.  The S&P 500 was down over 1.5% today and nearly 2.6% since the virus was detected in the USA. How does this compare with past viral hysteria?  The Ebola outbreak of September 2014Continue reading “Wuhan Coronavirus Hysteria…buying opportunity?”