SPX There are now 8 gaps below counting today. Long term RSI is
at 69 long term which is in range for about as high as it gets.
Certainly respect price and trend, though a pullback is very much
overdue. Sentiment is powerful in both directions. Going to see how
today closes, it may be time to consider selling some long term
inventory that I've accumulated from 3,600s up to current prices in
IRAs, etc. I just updated our numbers this morning for net worth
and just no need to go backward in any material way. I know
everyone is different, I prefer a smoother ride.
I have made the decision to decrease our stock exposure by 13%
on the market close today in our one IRA. This will be a reduction
of 7% in large caps and 6% in small caps. It has been an
incredible run since the 3,600s. We will continue to dollar cost
average on a monthly basis and maintain our stock allocations in
funds otherwise.
New allocations after this change:
55% cash
10% fixed income
25% large cap
10% small cap
Total=100%
Based on the close today, I'll be making a decision in regards
to our other larger IRA.
SPX There are now 8
Posted by fundamentalvalues on 11th of Aug 2022 at 09:39 am
SPX There are now 8 gaps below counting today. Long term RSI is at 69 long term which is in range for about as high as it gets. Certainly respect price and trend, though a pullback is very much overdue. Sentiment is powerful in both directions. Going to see how today closes, it may be time to consider selling some long term inventory that I've accumulated from 3,600s up to current prices in IRAs, etc. I just updated our numbers this morning for net worth and just no need to go backward in any material way. I know everyone is different, I prefer a smoother ride.
I have made the decision
Posted by fundamentalvalues on 11th of Aug 2022 at 11:08 am
I have made the decision to decrease our stock exposure by 13% on the market close today in our one IRA. This will be a reduction of 7% in large caps and 6% in small caps. It has been an incredible run since the 3,600s. We will continue to dollar cost average on a monthly basis and maintain our stock allocations in funds otherwise.
New allocations after this change:
55% cash
10% fixed income
25% large cap
10% small cap
Total=100%
Based on the close today, I'll be making a decision in regards to our other larger IRA.
Thanks for posting those levels
Posted by steve on 11th of Aug 2022 at 09:42 am
Thanks for posting those levels - on longer term inventory trail up stops