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Market Stance: BULLISH (since February 24, 2018)
* An average of managed accounts, net after all commissions and fees.
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* Buy prices shown are net after commissions and fees.
Today, Friday, March 2, 2018, I bought SPY, for both client and my personal accounts.
Yes, I sold SPY just yesterday, and now I'm buying it back. They key is that I am buying it back at a lower price. Sitting on cash helps my relative performance only if I can buy back at a lower price.
My indicators are still overall negative, and we may not have seen the bottom of the current market downdraft, and yet I chose to return to 100% S&P 500 ETFs. Why? Because I have thereby locked in a significant gain in our relative performance.
-KD, Friday, March 2, 2018
* Buy prices shown are net after commissions.
** Current prices are at least 20 minutes old.
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