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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
May 29th Blogger Sentiment Poll
FROM TICKER SENSE:
The Bears seem to be fully out of hibernation and dominate the poll this week.
I voted bearish again, but my stock account is 100% invested in an array of tech, medical, biotech, mining, and energy. I am also hedged (short 15%) QQQQ, SPY & RSP and long SDS. I recently sold HAL and some GCS and added DNDN.
Portable Alpha Daily's Long-Term Market Model – Bearish since May 15th. Asset Allocation – AAS Model Portfolios have 50% cash allocations and 50% longs, finding Alpha in Energy and Materials.
Long time bear, Richard Russell, recently turned bullish. Should this be seen as a contrarian indicator that the market has topped? Not now. Not yet. Why?
- There is a lot of liquidity sloshing around.
- There is clear evidence that the retail investor has not participated yet, and when they finally can't take it anymore (sitting in cash) and get off the sidelines, look for a big move up (blow-off) before institutional distribution turns ugly.
- Inflows into Rydex Dynamic OTC fund have slowed down.
- For now, REITs are toast and should be avoided in favor of large-caps.
- Dow Dips Below 8,000 Threshold, Reaching April 2003 Levels
- Some Insight From The Blogs:
- Canslim.net Morning Comment And Links (for Traders)
- Stocks Fail To Turn Up; Sec's Shorting Ban On Financial Shares Expires
- Nasdaq Technical Picture - Fresh Multi-year Lows
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Made several great trades today. Traded the QID, QQ [read more]
Today we have the Fed speaking and release of Fed mi [read more]
NOTE: Please click on the charts below to enlarge them [read more]












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