Current Positions:
Entry Date: Positions: Profit/Loss%
3/31/2008: Pos#1: +7.4%
3/31/2008: Pos#2: +5.5%
4/21/2008: Pos#3: +4.8%
4/21/2008: Pos#4: +3.7%
5/5/2008: Pos#5: +7.2%
Year To Date:
Wall Street Sector Selector: +4.1%
S&P 500: -5.4%
All profit/loss figures include realized/unrealized gains/losses and do not include taxes, commissions or dividends
Greed and Fear Index
Greed is in control.
Bulls are in command.
We can expect uptrend in general indexes.
Possible strategies include adding to positions, buying ETFs, buying stocks, bullish options strategies.
Wall Street Sector Selector strategy is to buy sector ETFs that have potential to outperform S&P 500.
Duration of uptrend is unknown; flag will switch to yellow and then red when fear re-enters market and regains control.
Markets BackslideMarkets took a hit this week mostly due to runaway oil prices that shot up 8% for the week to close in the $125/bbl range and the $7.8 Billion loss reported by AIG.
The Week Ahead
A busy week of market moving reports::
Tuesday: April Retail sales, April Import Prices, March Inventories
Wednesday: April Consumer Price Index,
Thursday: April Industrial Production, May Philadelphia Fed report, May Home Builders Report
Sector Spotlight
Weekly Leaders: Oil, Commodities, Gold
Weekly Laggards: Home Construction, Financials, Regional Banks
Happy Mother’s Day to all our members who are Moms! Have a great day wherever your weekend takes you.
Your partner in prosperity,
John
John Nyaradi
Publisher
