DOW 10,000 and more selling into the rally
Hi PCA Fans,
I had a good chuckle the other day when our beloved Jim Cramer came out with his new book “Getting back to even” which was written by “Jim” and his hair-brained nephew Cliff Mason.
If either one of them had a lick of sense they would be telling you what PCA software tells you… Buy Low & Sell High!
That is it.. the whole game. Diversify across industries, indices and commodities and let the market do what it wants. That is the ticket for long-term success.
So far it is working out pretty well for the ETF portfolio and the market is still way down from when we started.
Here is the selling I got today as the Dow hit 10,000.
Indices…
Sell 20 SPY at 109.31 for a total of 2,186.20
Sell 23 QQQQ at 43.16 for a total of 992.68
Sell 18 IWM at 62.34 for a total of 1,122.12
Sell 17 DIA at 100.023 for a total of 1,703.91
Sectors…
Holding on GDX
Sell 15 SMH at 26.57 for a total of 398.55
Sell 12 XLE at 57.96 for a total of 695.52
Sell 21 XLF at 15.73 for a total of 330.00
Commodities…
Holding on GLD and SLV
The total portfolio is now up 3.9% and the market is still down about 20% or so from our entry point. We keep taking these sell orders in case the market cannot sustain these levels, which I suspect it cannot.
I wanted to load up the cash side so that if we get another strong pull-back we will have some cash to take advantage of the bargains.
The portfolio is now up over 18,000 dollars and that is a good feeling after what we’ve been through.
Now that the market has “recovered” our boy Cramer wants to tell you how to get back to even… I want to tell you how to get ahead.
