Weekly Update

April 29, 2018

 

Welcome to the Bollinger Bands Letter Weekly Update for Sunday April 29th, 2018.

 

The Ice Breaker reporting system suffered a short outage last week and is back up again. We were stopped out of our two QQQ positions on Tuesday, here is how we stand now.

 

DIA, Long 2

IJR, Long 2

MDY, Long 2

QQQ, Flat

SPY, Long 2

 

There is a new chart in our market-timing chart pack in position 19. It is not a time series chart like the others. Rather it is a grid depicting the recent performance of eleven sector ETFs, two broad-market benchmarks, and a pair consisting of a commodity and gold ETF. The position from left to right is determined by the six-month rate of change; the position from top to bottom is determined by the one-month rate of change; and the color of the labels is determined by the one-week rate of change. A very strong sector will appear in the upper right while a very weak sector will appear in the lower left quadrant. Corrections to trends will drive strong sectors lower and weak sectors higher in the grid. Green labels depict strong short-term performance, while red labels depict weak. Take a little time to look and think about this grid, I think you may find it very informative.

 

Our outlook for stocks remains positive, but we think that the consolidation has a ways to go yet and expect continuing volatility. In this environment we are spending most of our time evaluating the opportunities in individual stocks.

 

There are no changes to the ETF portfolios this week.

 

The Value Line remained in the market this week, with the Value Line Geometric at 554.28, and the Friday sell stop is 543.28.

 

The ETF Program portfolio holdings:

Style (21): IUSG, 7, IWF, 8, IWO, 4.

Country (21): EWO, 7, EWI, 2, EWM, 5.

Sector (27): XLK, 12, IAU, 11, XLY, 5.

 

Details on our Allocations, Ice Breaker positions and ETF portfolios along with our Market Timing Chart Package can be found here:

https://www.bollingerbands.com/bb-letter/

 

Until next time, I wish you well.

 

John Bollinger, CFA, CMT

 

Copyright 2018 by Bollinger Capital Management, Inc.

 

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