How your portfolio performing in 23 trading days of 2017...

2017 has seen 23 trading days so far, i have tabulated results of major index / sector, here are the performance of various sector / index in last 23 trading days :

SOX         6.34%

Nasdaq     5.27%

S&P 500  2.62%

XLF         2.02%

Dow        1.56%

RUT        1.53%

XLE       -2.55%

It is interesting that winner of 2016 is outperforming again, that is SOX...the famous semiconductor index.

It is important to be exposed overweight in this sector.

Nasdaq composite is close second best, majority of this year gains are in SOX & Nasdaq, thus an overweight in technology is paying off big time......exactly 11.61%......so far IF you were 100% in this sector / index

Biggest loser so far is energy, which is caught in inventory build, there is a chance that this sector should recover and move UP.

RUT is a big surprise, only UP 1.53%...hopefully this may play catch up.

XLF got a regulatory boost on Friday and may outperform once new legislation is in effect.

Markets are generally very tough to navigate, unless all boats are being lifted.

When we allocate our investment $, we all have different weighting and preference, but in the end TAPE has the last word for all of us.

It is extremely critical, that we monitor our performance against best performing index or sector.

It is never too late to change weighting based on where the money flow is.

Many semiconductor stocks are behaving better than most index, they may continue to do well.

Check new 52 wk high list and see which semiconductor stocks are there, one can benefit from buying winners.

Good luck with your own strategy and comfort level.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed