All but two of your Bull Market Alert positions advanced last week as the initial fallout from the Japanese disaster waned and investors seemed to gain confidence from positive U.S. economic data. Eight of your 10 holdings rose and several jumped strongly.
Markets rallied sharply last week. The Dow Jones industrial average closed above 12,000 for the first time since an earthquake hit Japan more than a week ago, and is now back near its highs on March 11 — the day the earthquake hit Japan.
For a week that started off with a 9.0 earthquake and a potential nuclear meltdown, it could have been worse… You booked two big gains last week in your Bull Market Alert portfolio — 171.43% in Sina (SINA) options last Monday and 112.62% gains in Alliance Resource Partners L.P. (ARLP) options on Friday.
The price of coal giant Alliance Resource Partners (ARLP) soared 5.74% yesterday, as global stock markets bounced strongly. While most stocks crumbled after the Japanese earthquake, this stock is up 12.43% in the past five days.
This week, the world seems like a mess…
January’s euphoria in global markets has given way to concern about inflation, oil prices and increasing political risk in emerging markets. The last two months has seen you exit all of your country-related emerging market exchange-traded funds (ETFs). So far, that has proven to be a good decision. Almost all emerging markets — with the exception of your position in Russia through the Market Vectors Russia ETF (RSX) — have broken down technically. The chart of the MSCI Emerging Markets Index versus the U.S. S&P 500 over the last three months confirms this.