Thursday, November 8, 2018

Buying

Yesterday was a powerful follow-through day.  All 3 major indexes were up strongly on higher volume.

That is a signal to move cash back into the markets.  Our preferred method is to start with a 50% stake.  As the market confirms that the uptrend is real we add another tranche of 25% or more.  The goal is to get fully invested. But we don't plunge in because it's valuable to make certain the uptrend isn't faltering.

The mix of ETFs used is up to the investor.  We want to have about 15% in FFTY and 25% in RDIV.  The remaining 60% will be invested in QQQ and IVV.

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BTW, the 2 day meeting of the Federal Reserve will announce the latest on interest rates at 2PM.  It's widely believed that they will leave rates alone this month and raise them in December.  It will be closely watched and the statement will be dissected.

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