Market Update - New Record Closing Highs

Market Update for Friday May 26, 2017

• The four major US markets I follow are up between 1.9% and 15.4% YTD.
• The S&P500 and Nasdaq markets set new record closing highs today!
• My Explore Portfolio continues to do well in 2017 after a great 2016.  It finished the week at a new record high! (see graph below)
• The New Rates for New and Old I-Bonds are out.
• Click images to see full size

This charts shows the major markets YTD performance.  The Nasdaq at up 15.36% YTD is doing the best while the Russell 2000 small cap index is only up 1.85% YTD, but that still beats cash and CDs!   (See Best CD Rates) 

This chart shows the data in tabular form.  

If your own portfolios are not up somewhere between 1.85% and 15.36 YTD and you didn't get double digit gains last year, then you should consider what you are doing wrong and look to make changes, perhaps with the help of a subscription to my newsletter.

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These charts show the Nasdaq and S&P500:

Long Term Results that Speak for Themselves
Since 9/30/98 inception, "Kirk's Newsletter Explore Portfolio" is UP 758%
vs. the DJIA UP only 162%, S&P500 UP only 231% and NASDAQ UP only 267%
(All through 5/26/17)

Timer Digest Features Kirk Lindstrom's Investment Letter on its Cover

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Markets Near Record Highs, Open Gaps & 2400 Resistance Level

Market Update for Saturday May 13, 2017

• The four major US markets I follow are up between 1.9% and 13.7% YTD.
• The S&P500 and Nasdaq markets set new record closing highs this week.
• The 2400 level continues to be strong resistance for the S&P500 while open gaps are cause for concern.
• The New Rates for New and Old I-Bonds are out.
• My Explore Portfolio continues to do well in 2017 after a great 2016.  It finished the week at a new record high!
• Click images to see full size

This charts shows the major markets YTD performance.  The Nasdaq at up 13.7% YTD is doing the best while the Russell 2000 small cap index is only up 1.9% YTD, but that still beats cash and CDs!   (See Best CD Rates) 

This "Gap chart" shows open gaps in SPX, the S&P500, that can act as strong magnets for corrections.  Those magnets would lose some power if the market can push and close above 2400 with volume.

This longer term chart shows the S&P500 has had the smallest of the "healthy correction levels" (typically 3 to 8%) that I like to see before markets can surge to new highs. 

This long term chart of my "Explore Portfolio" performance shows it ended the week at a new record high.  I've taken profits in many stocks making record highs and used some of those profits to buy more shares of stocks that have significantly corrected even as the overall markets are at or near record highs.  To see how this works in a global sense, read my article: Make Money In A Flat Market With Asset Allocation & Market Volatility

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This chart shows the data in tabular form.  If your own portfolios are not up somewhere between 1.89% and 13.71 YTD and you didn't get double digit gains last year, then you should consider what you are doing wrong and look to make changes, perhaps with the help of a subscription to my newsletter. 

I cover I-bonds and a "better option for tax deferred money" in my newsletter but I also write many free articles such as this one: 

New Series I Bonds Offer Attractive Rates With Older Ones Paying Up To 5.6%

• Attractive Rates for Conservative Savers.
• Series I Bond Rates are 1.96% to 5.60% for the next six months.
• New I Bonds issued for the next six months will earn 1.96%.
• Unlike the BND ETF, Series I Bonds never lose money!

This is a very important article to read and understand:

• Winning the Zigs, losing on the Zags - Why small investors usually do poorly

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Kirk Lindstrom's Investment Letter:

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New Record Closing Highs For Nasdaq & S&P500

Today the Nasdaq and the S&P500 indexes closed at new record highs.

The S&P500 closed at a record high that broke the last record closing high set on March 1, 2017 at $2,395.96 when all four major indexes I follow closed at record highs.

All four indexes set record highs on March 1, 2017.  :

On an intraday basis, the S&P500 failed to surpass its record high of 2400.98 by a whisker:

Treasury bonds still have very low yields on an historical basis.  This chart shows US Treasury rates and the Federal Reserve's Fed Fund's Rate back to 1993.

My "Explore Portfolio" also closed at a new record high today!

Kirk Lindstrom's Investment Letter:

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May Day Marks a Record High for the Nasdaq and My Explore Portfolio

New record highs were made today for the Nasdaq and my Explore Portfolio.

Most other markets are less than 1% from their record highs also.

Of course, I've been taking profits as my stocks make record highs and have bought back shares in a few that are "out of sync" and in correction mode as investors are chasing large cap Nasdaq names.

My hybrid 2CS model is suggesting caution soon.... Do you have your list of stocks to buy or add to when the market corrects?

Kirk Lindstrom's Investment Letter:

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April 2017 Issue for FREE!

My Core and Explore Performance vs Warren Buffett's BRKA: