How Might an Investor Use the TOY Barometer?
Wayne Whaley has been quoted as saying:
“If I could only make one trade a year, based upon one indicator, I would likely watch the price behavior over the two-month period between November 19 and January 19 and position my portfolio in alignment with the direction thus established.”
We all have the opportunity to do the same! Given what’s transpired between 11/19/2015 – 1/19/2016, perhaps it’s time to rebalance your portfolio. Call it appreciating your appreciation. Defense wins championships, and it seems that if the stock market could speak it would be telling you it’s time to play defense.
If you’re a do-it-yourself investor, consider playing things a little more conservatively. If you’re working with a financial advisor or investment professional, question whether or not it’s in your best interest to continue to sit on your hands and do nothing. When it comes to investing, it’s almost always better to be safe than sorry.
To learn more about Wayne Whaley and to subscribe to his newsletter you can visit his website. Thanks for reading.
Twitter: @SJD10304
The author has positions in S&P 500 related securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
