100 Level

Broad Market Outlook Based on Bullish Percent Index

Based only on gut feeling, most of us would expect rather good numbers to show up this week when we drill down into the Bullish Percent Index values for the major indexes and individual sectors.  The following two tables will not be a surprise if this is your impression of the trading week just passed.  First, the major markets. Index BPI:  All indexes showed a slight uptick in the actual … [Read More...]

Gordon Equation: What Is It Projecting?

Gordon Equation "If one of life's secrets is ... keep your head when all those around you are losing theirs, then the Gordon Equation is the collar that will keep it there." - William J. Bernstein. When discussing the Gordon Equation, we do not want to confuse the simple investment equation with the Klein-Gordon physics equation.  A Google search for the Gordon Equation will … [Read More...]

300 Level

Curie Portfolio Update: 21 December 2011

After making minor adjustments in the Strategic Asset Allocation plan, I picked up shares of VB and RWX for the Curie Portfolio.  These few shares brought Small-Cap Blend (SCB) into balance, but we are still several hundred shares below target with International REITs.  One reason for not purchasing more RWX has to do with the large price differential between the current price and the … [Read More...]

Kepler Portfolio Update: 15 December 2011

The Kepler Portfolio is a broadly diversified array of ETFs that encompass global markets.  We do not hold any international bonds and there are no plans to expand into that asset class for this portfolio.  Below is the Dashboard, the familiar worksheet extracted from the TLH Spreadsheet.  The international REITs asset class is empty as I sold all shares to take a tax loss for the … [Read More...]

200 Level

Asset Allocation Performance Data

Portfolio Performance Below is the performance data table for the portfolios tracked here at ITA Wealth Management. If the percentages seem exaggerated, note the launch time as young portfolios will show unusual results. Over time the higher percentages will begin to migrate toward values of the VTSMX benchmark. Readers should pay attention to the Sortino Ratio (SR) and Retirement Ratio (RR) as … [Read More...]

Portfolio Performance – 14 January 2011

  Portfolio Performance Below is the Portfolio Performance data table for this week.  Overall, the seven updated portfolios gained a little ground on the benchmarks as well as the SR and RR return/risk ratios.  In one case, the portfolio pulled ahead of the benchmark, but showed a decline in the SR and RR values.  That event is rather unusual, but it does occur.  … [Read More...]

400 Level

ITARR Working As Planned

When the ITA Risk Reduction model was instituted several months ago, the logic behind the plan was to take a few portfolios that were lagging their benchmarks and see if there was a way to turn that situation around.  So long as the market was moving up and the prices of the various ETFs never dipped below their 195-Day EMAs, I did not expect to see much change in the Internal Rate of Return … [Read More...]

Bullish Percent Indicators Gain Ground

The weekly update of index and sector Bullish Percent Indicators showed gains in some critical areas.  Those are shown in the data tables presented below. The following information is not for publication elsewhere on the Internet. … [Read More...]