Equities took an expected breather last week, but ultimately leaving the S&P 500 (SPY) down just a tenth of percent. Perhaps more interesting was the U.S.
Last week the portfolio saw an increase by +2.76%. For the coming week a number of stocks will be replaced. TLT did quite well given the bullish stock market environment. I will further reduce my TLT exposure.
Portfolio Profile
Stocks (long) 84 %
Treasuries 16%
About Portfolio Trader
Chairman Ben Bernanke made it clear that the Fed is ready, willing and able to act should the economy falter. The Fed feels the economy is weak enough to justify keeping interest rates low until the end of 2015, but the prospect of endless QE had the bu
Positive tick has me thinking this congestion zone just below the pivot breaks to the upside. How price will do at SPY $132 resistance remains to be seen.
The buyers aren't backing down and we worked steadily higher to close at the highs after about a 10pt drop in the morning. Apple numbers are very strong and guiding upward for the second quarter.
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