Last week we mentioned our behavioral measures were in extremely bullish territory which signals a down week. The market was down for the week and our measures have made a sizable movement. The movement usually signifies another down week coming up. We have hedged our portfolio for the week. If the week is a down week we will close the hedge at the end of the week. If the market is flat than close out the hedge. If the market is up, than continue the hedge as movement this signifies another down week to come.
Our portfolio looks like the following. We are holding US High Yield Corporate Bonds, REITs, Canada, Energy, and Russia. All these ETFs held up well for the week. Right now emerging markets are not on our list. We believe that emerging markets will present a buying opportunity sometime during the summer in which then they could rebound 10-20%, but for now they will stay flat or fall.
USHY 11.52%
RE_US 9.24%
Canada 9.59%
Energy 9.06%
Russia 9.83%
US 9.16%
Australia 8.09%
Japan 8.60%
Natural Resources 9.03%
Agg 7.98%
UK 7.93%
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