Weekly Update

September 1, 2018

 

Welcome to the Bollinger Bands Letter Update for Saturday September 1, 2018.

 

Our FAANG Index etched out a classic Bollinger Band W bottom and has now retraced more than half its correction. See the chart below. In Bollinger Band terms, a bottom just doesn't get any better than that.

 

All of our tracked advance-decline lines made clear and unequivocal new highs last week. This may not be a one way market, but it is a strong market that is giving no signs of topping out. We remain constructive on US stocks and on the lookout for developing strength in the emerging markets.

 

Bitcoin made a bottom, turned higher, and the secondary coins and tokens stopped going down. We are currently in a rally mode walking up the upper Bollinger Band.

 

There were no changes to the ETF portfolios this week.

 

The Value Line program remains in the market; with the Value Line Geometric Average at 591.18 the Friday sell stop stands at 577.81.

 

The ETF Program portfolio holdings:

Style (21): IJT, 1, IWF, 3, IVW, 2.

Country (21): EWQ, 8, EWL, 1, EWA, 6.

Sector (27): XLK, 7, PSJ, 3, XLY, 5.

 

Our allocations are 60% US stocks, 10% international, 10% yield and 20% cash.

 

Aggressive accounts should be 70% stocks, 10% cash.

 

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

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

 

Happy Labor Day.

 

Until next time, I wish you well.

 

John Bollinger, CFA, CMT

 

Copyright 2018 by Bollinger Capital Management, Inc.

 

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