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.