Posted by btr
Sun, 21 Dec 2008 01:05:00 GMT
Dow Jones Industrial Average has been up and down for the past many weeks but it appears that it has moved towards sideways. As recession has been officially announced and confirmed, how much has the market priced in all the bad news?
Certainly investors are looking for values after significant drops, but it’s not clear that if it will range bound between somewhere below 8000 and somewhere above 9000.
If it builds a long base above 8000 and consolidates the base, we may see more upside but we need to see the confirmation.
Posted in Mutual Funds, Trading, Stocks, Index | no comments | no trackbacks
Posted by btr
Tue, 22 Feb 2005 02:46:40 GMT
PMCGX has followed the overall market and resumed its ascending. Currently, it's in overbought condition indicated by both RSI and Stochastic. As we can see from prior history, the overbought or oversold condition could stay there for a while. I do plan to close or at least to square some money off the table next week as our 401(k) plan will have a week of black out period when the plan is to be adjusted with a few changes. As we all knew from history such as Enron debacle, black out period could be very risky although the mutual funds are much more diversified in this regard. One company imploding would not make a fund to plummet.
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Posted by btr
Wed, 05 Jan 2005 21:10:22 GMT
Well, New Year has not brought much upside. Instead, it has wiped out last month's gain! I opened a position in PMCGX in 401k account as it's in over sold condition. I expect that the current uptrend will continue, I may add more until it goes below 22 where my stop loss is set.
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Posted by btr
Wed, 05 Jan 2005 21:10:22 GMT
Well, New Year has not brought much upside. Instead, it has wiped out last month’s gain! I opened a position in PMCGX in 401k account as it’s in over sold condition. I expect that the current uptrend will continue, I may add more until it goes below 22 where my stop loss is set.
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Posted by btr
Thu, 25 Nov 2004 16:23:17 GMT
JANSX continued to move up after a little dip. I actually closed my JANSX position (+6.13%) at that dip as I thought that it had reversed and didn't want to wait for another confirmation. It has a major resistence at 24.
PMCGX is at 52-week high right now. I closed it at the same time when I closed JANSX. Bad move! The next resistence is at 25.
As we approach the 2004 year end, my current 401(k) has 75% in a stable value fund (earning a little over 4%) and 25% in international funds with exposure to Europe and Asia Pacific. I have always maintained at least 25% cash in this account.
The overall return is YTD 9.6%, compared to JANSX 1.75%, PMCGX 14.13%, TEMFX 13.18%, AEPGX 14.43%, S&P 500 about 6%, QQQ about 8%, RUT about 14% and INDU about 1%.
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Posted by btr
Sun, 03 Oct 2004 18:45:15 GMT
RUT has broken its downtrend line. I have a remaining position on PMCGX which tracks RUT closely and was planning to close it around 21. Let's wait and see if this move can last into next week.
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Posted by btr
Sat, 25 Sep 2004 01:04:59 GMT
PMCGX retreats from the resistence of the intermediate downtrend line. If it goes lower, I will close my position. Currently I still have 1/3 position opened between 19.6 and 21.
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Posted by btr
Sat, 25 Sep 2004 01:04:59 GMT
PMCGX retreats from the resistence of the intermediate downtrend line. If it goes lower, I will close my position. Currently I still have 1/3 position opened between 19.6 and 21.
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Posted by btr
Fri, 03 Sep 2004 21:02:57 GMT
PMCGX is PIMCO’s mid cap growth fund available in my long-term account. Here’re the trades in the past 12 months. I simply buy at support levels and sell at the resistence levels. Currently I’m long and look for opportunity to close it around 21 or I will sell early if it goes below 19.65.
PMCGX YTD performance is -0.05%, my PMCGX YTD is 1.92%.
Posted in Mutual Funds | no comments
Posted by btr
Fri, 03 Sep 2004 21:02:57 GMT
PMCGX is PIMCO's mid cap growth fund available in my long-term account. Here're the trades in the past 12 months. I simply buy at support levels and sell at the resistence levels. Currently I'm long and look for opportunity to close it around 21 or I will sell early if it goes below 19.65.
PMCGX YTD performance is -0.05%, my PMCGX YTD is 1.92%.
Posted in Mutual Funds | no comments