Here's the latest on how the sell signal is working for me.
But first, I'll review the performance of the markets in
general over the past week.
Despite all of the excitement this week, the level of the
US market didn't change much, on a week to week basis. The
US market is now about 0.3% higher than it was last Friday.
No relief for the Bad News Bears! <g> As of tonight, the
US market is 6.8% higher than it was on 1/12/00, when I was
first able to act on the sell signal. Last Friday it was
6.5% higher.
The total international market, as measured by the average
performance of VWIGX and MNIGX, went down a little from
last week. It is now up 6.2% since 1/12/00, slightly less
than the US market. This compares to last Friday's reading
of up 6.9%.
The European market, as measured by the average performance
of PRESX, VEURX, and FEURX, remained essentially unchanged
from last week; the average is up 7.7% since 1/12/00, as
compared to 7.6% last week. Note that the average is
skewed by the performance of FEURX, which, based on it's
relative performance, must have alot of tech stocks.
Here are the data related to the above paragraphs.
% Diff. Since 1/12/00
Wilshire 5000 6.5%
VWIGX 8.7%
MINGX 5.1%
Average of VWIGX and MNIGX 6.9%
VEURX 2.2%
PRESX 1.2%
FEURX 19.5%
Ave. of VEURX, PRESX, FEURX 7.6%
I didn't buy or sell any equities this week. I was busy
during the one-day plunge, and couldn't make any buys. All
in all, I'm only 6.3% behind where I would have been if I
had just held everything. That's a little worse than last
week, when I was only 3.5% behind.
Here are my sales since the signal, as well as the percent
increase (negative numbers indicate a decrease) in the
prices since I sold.
Security Sell Date %Diff. Since Sale
PBTCX 01/12/00 30.9% (Ouch!)
SRFCX 01/12/00 18.9%
MNMCX 01/12/00 16.8%
500 Index 01/12/00 5.6%
VWIGX 01/12/00 8.7%
CYMI 01/12/00 25.9% (Ouch)
CYMI 01/31/00 2.0%
MOT 02/04/00 -0.8%
MOT 02/11/00 -4.4%
PRSCX 02/29/00 -3.1%
UTEK 02/29/00 -18.2%
Average 7.5%
Less Money Market Interest 1.2%
Total Opportunity Cost 6.3%
Last Week's Value 3.4%
All in all, it was a pretty boring market this week. <g>
Both the international markets and the US markets
are about where they were last Friday, about 6% to 7%
higher than on 1/12/2000, when I was first able to act on
the sell signal.
Best wishes,
I2 |
