Time to stay patient: inflation, oil, and geopolitical unpredictability

April 14, 2024 - Update

Very quick update this week.The Market:

Negative 3rd consecutive week for the Nasdaq. Nothing major, yet.

The 10-year treasury yield was up +2.73% while Oil was flat for the week.

After a “hotter” than expected inflation number for March 2024, all eyes are on this number.

The current geopolitical tensions can add lots of volatility to the mix.

My personal score system for the Nasdaq is deteriorating (based on the daily chart):

And here is the score since I started tracking it:

All things considered, my take is that it would be wise to give time to the market to find its next move which could go either way.

The earnings season is getting started again, and results and guidance will help define a direction for the market.

PORTFOLIOS

I am working on a new project which very likely I’ll call “boring money”. I want a Portfolio with very little action within a set of defined rules and focused on a mix of 70-80% large caps and 20-30% maximum of fast-growing small caps. The project should replace my existing “forever” portfolios.

Then I’ll have one only momentum portfolio. Stay tuned.

Below are my 2 momentum portfolios. This week I’ll be watching and not adding anything to my portfolios.

WATCHLIST (link)

Here are a few names I am adding to my watchlist: TKO, TKL, ZETA

Tha’s all for the week. Let’s hope we don’t get an escalation in the middle east.

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Important: This is not investment advice. Consult a licensed financial advisor before making any investment decision.