A bit of a change in this weeks report. We should get back on tract by next week. The RSI portfolio is still heavily in the risk off direction with the bond funds doing swimmingly. However the overall market definitely has a bearish bias. Reality funds such as FRI, IYR, and VNQ are looking interesting., but the mortgage fund REM is a buy. The bonus is that it pays a yield of over 11%. I know it isn’t good to chase yield and that is why it is performing as investors drive for income.
Today’s headlines concern AAPL falling below $600. RSI gave a sell signal (actually a short call) several weeks ago. RSI continues to avoid this stock. Its chart shows it is banging up into overhead resistance. For what free advice is worth ….
Catch you later.