Performance data will need to wait until next weekend as I am still traveling and I do not have the Investment Account Manager software on either laptop. However, I can report on the Bullish Percent Indicators and the basic takeaway for the week is not positive. We have seen this coming based on recommendations emerging from the Kipling LRPC. U.S. and International Equities are out of favor.
Index BPI: Every major U.S. Equities index took a hit this week. Based on the percentage drop the NASDAQ 100 should show an O in the PnF graph. However, on Friday technology pulled out of a dive and responded quite well so the PnF graph showed up with an X in the right-hand column. For the total week, technology is down.
To gain a picture of what happened for the full week, pay more attention to the percentages than to the X’s and O’s. Cash held in many of the ITA portfolios should help performance this week. Regular readers know I am risk-averse in this high and volatile market.
Sector BPI: Overall, sectors of the stock market dipped this week. Four sectors flipped from offense to defense while only technology moved in the positive direction.
- Any time we are close to San Luis Obispo, we make an effort to have breakfast at the Big Sky Cafe on Broad Street as they have the best whole grain banana-pecan pancakes. After finishing breakfast we were walking to our car when up pulls this bicyclist with his parrot. Since I had my Olympus with me, I asked if I might take their picture. With permission, I snapped off a few while the biker waited at the light. I’ll need to look closely at more images, but I don’t think the parrot was tethered to the bike.