It was another good week for US equities with markets up a little over 4% from last week’s close: However, as can be seen from the above screenshot, we are still within the downtrend channel defined by the lower highs and lower lows within the 1 (white) and 2 (aqua) Standard Deviation (SD) boundary lines. […]
Archives for October 2022
Bullish Percent Indicators: 28 October 2022
There are few surprises this week due to the strong day on Friday to end the week. Buying opportunities vanished as you might imagine. There is one anomaly (Health) so pay more attention to the percentage changes rather than the X’s and O’s on the right side of the tables. Index BPI All major markets […]
Rutherford Portfolio Review (Tranche 4): 21 October 2022
It was a good week for US equity markets with a 4.5% bounce higher from last week’s close: However, I still don’t think that it’s clear where we go from here. We are clearly in a longer term down channel (A to D) that started at the beginning of the year and is defined by […]
Bullish Percent Indicators: 21 October 2022
Are we experiencing a bear market rally or is the U.S. Equities market finally turning around after nine months of trimming all the returns from 2021? Only time will answer this question. I suspect we are near the bottom of this bear market as the Federal Reserve is likely close to lowering the growth rate […]
Copernicus Portfolio Review: 19 October 2022
Copernicus is the portfolio on the dock for updating this morning. While performance is disappointing, this portfolio will eventually recover as new money is adding U.S. Equity shares at ever lower prices. This is what the young investor needs to consider. As stated before, young savers are hoping for a decline in market prices, assuming […]
Rutherford Portfolio Review (Tranche 3): 14 October 2022
US Equities closed down ~1.5% on the week with a couple of very volatile days – Thursday’s range was ~200 points in the SPX (S&P 500 Index): However, despite this volatility we are still sitting on support at the previous pivot low at ~3600. Again, we will have wait to see whether this support holds […]
Hawking Portfolio Review: 7 October, 2022
The Hawking Portfolio is a “Buy-And-Hold” Income portfolio of high yielding assets – primarily Closed-End-Funds (CEFs). Performance over the past 18 months looks like this: with returns ~6% higher than the benchmark AOR Fund despite some recent hits as investors ran for the exits. Although this is essentially a “Buy-And-Hold” portfolio I do make occasional […]
Rutherford Portfolio Review (Tranche 2): 7 October 2022
It was a volatile week in the US equity markets but we managed to close the week slightly higher by ~1.6%: 3600 acted as strong support on the first retest of the prior pivot low but we are testing the level again so we will have to see whether it continues to hold. The performance […]
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