My computer generated "Down Signals" for the S&P have been 100% accurate so far for 2010 and 2011 (The only unknown is always "How far down?" on any single signal). Currently the S&P market pattern looks similar to May-August 2010. Back then the algorithm correctly indicated the entry and exit of the correction with the yellow and turquoise stars (Weeks of May 7th & Sept 17th, 2010). Here's what the signals look like for the S&P now and then:
http://www.chartsandsignals.com/ic-sig1.html
Other than bonds, the financial "safe haven" this summer was tobacco in addition to gold*. Especially dividend paying tobacco companies. From late July to now, Reynolds (RAI) gained 5.6%, Altria (MO) gained 2.4%, and Lorillard (LO) gained 4%. That's not including any dividends paid ... and those dividends currently range from 4.6 to 6.1% annualized.
Other than bonds, the financial "safe haven" this summer was tobacco in addition to gold*. Especially dividend paying tobacco companies. From late July to now, Reynolds (RAI) gained 5.6%, Altria (MO) gained 2.4%, and Lorillard (LO) gained 4%. That's not including any dividends paid ... and those dividends currently range from 4.6 to 6.1% annualized.
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