Oct. 5 at 1:53 AM
$VCIT $DLY $BGT $PCN $SPY
Back in late 2022/early 2023 I started mentioning that corporate bonds were in a great accumulation period.
At the same time I was also suggesting accumulating mining companies and emerging markets.
We are now leaving the bottom of the accumulation phase.
The first mark up period is occurring.
I see two more levels of extensions coming our way.
I continue to be completely overweight mining companies. I will begin taking more profits and moving some proceeds to individual grade A corporate bonds and bond funds.
70% core equities in miners/energy
30% bonds
At some point I will scale in short positions to hedge.
In the green circle, that’s the area I believe we’re in.
That goes for miners, energy, emerging markets and bonds.
I still like agribusinesses as well.
I’m currently weighted at 80% mining companies.
Buckle up. 👍
https://chartschool.stockcharts.com/table-of-contents/market-analysis/wyckoff-analysis-articles/the-wyckoff-method-a-tutorial
