StockCharts.com - Free Charts

Sean Gallagher Rank: 25 Followers: 49 Votes: 40 Years Member: 5 Last Update: 17 June 2013, 8:54 Categories: General Market Commentary
Market Timing
Canadian Stocks

Click for AlphaDow Advisor - ETF Power Rankings

The Call For The Week of June 17th:

Please click on VOTE right now! Send feedback and you will receive our complete ETF Advisor system for free. It includes entry price, position size and stop losses for 23 Sector ETFs or 14 Canadian ETFs -- please specify which version you prefer.

Aggressive traders can go to 100% stocks. Conservative investors should continue to use a 'buy the dips' strategy with up to 60% allocated to stocks.

Volatility was the name of game last week. VIX trading levels in the US hit record levels, amidst the concern about widening daily swings, while a further drop moved the TSX back into negative terrain for the year. Uncertainties about BOJ and especially Fed policy, Chinese growth anxieties and record levels of negative stock market guidance have all helped to dent earlier bullish sentiment. The recent ride has been a jarring one. However, there are reasons, given prospective developments on each front, why some patience could be a more rewarding strategy in many cases, than a dash for the exits.

Conservative and Aggressive should both hold a base portfolio of these long term holds:

Symbol Criteria Close Recommendation $ Gain
SPY 1.0000 165.2200 Buy to Enter Long
EFA 3.0000 61.0200 Buy to Enter Long
IYR 3.0000 70.2100 Buy to Enter Long


Aggressive traders should also hold trading positions in these sector ETFs:

Symbol Criteria Close Recommendation
XLF 27.6854 19.9700 Buy to Enter Long
IYC 18.9967 103.4200 Buy to Enter Long