Final Quarter 2015 Portfolio and Comments on Recent Market(s) Pricing Activity

Dow Jones Industrials @ 16,385 a technical neutrality on the secular trend (years to decades) chart pattern. Long term (months to years) topped-out 1Q15 currently 50% retraced to long term support.

Standard and Poor’s 100(OEX) @ 861 safely within secular trend break-out chart pattern with “minimum” long term upside target 992 and secular trend target 1125.

Portfolio in order of weighting:

United Technologies; Colgate-Palmolive; Hershey; VF Corp.; PepsiCo; Illinois Tool Works; and, a 2 1/2 % speculative position. Total portfolio yield 2.46%, 6.7% including retained earnings and for comparing to fixed income, has “earnings power” of 4.42% including cash and speculative position(s).

Favor the secular trend for 5 plus year savings: Risk to economic back drop favors stocks, disfavors bonds.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s