Technical Week in Review – 1/17/17

2017 YTD Returns

Core Bonds (Agg) +0.4% (up 0.2% for week)

S&P 500 (SPY) +1.7% (down 0.1% for week)

Gold (GLD) +2.7% (up 1.2% for week)

Harbor Wealth’s Market Barometer

Our three proprietary Technical Gauges on the US Equity Markets are below. Investors can use this as a guide to identify the strength/weakness of the US Equity Market Environment.

 

All Green = “Clear”    1 Red = “Watch”     2 Red = “Caution”     3 Red = “Danger”

 

 

CNNMoney’s Fear & Greed Index – Jan 17, 2017:

Investors are driven by two emotions: fear and greed. Too much fear can sink stocks well below where they should be. When investors get greedy, they can bid up stock prices way too far.

 

Major Asset Class Insight

Large Cap, Small Cap, European Equities & Emerging Market Equities are favored major asset classes to invest in long term so all signs point to still higher highs. Some Asset Protection still remains a focus until we break these new highs hopefully after the inauguration.

 

Short Term Long Term
Bonds (Aggregate) Bullish-new Bearish(Nov ’16)
US Large Equites (S&P 500) Bullish Bullish(Mar ’16)
US Sm. Equites (R2000) Bullish Bullish(Nov ’16)
Int’l Equities (MSCI EAFE) Bullish Bullish(Dec ’16)
Emerging Mkt Equities Bullish Bullish(July ’16)
Commodities Bearish Bearish(Sept ’16)
Gold Bearish Bearish(Nov ’16)

 

We continue to advocate a proactive stance in managing one’s portfolio as the most prudent way to preserve and grow capital, by capturing gains and limiting risks.

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