Portfolio Update 2/19/10

Before reading, please see the disclaimer in the 'About Me' section.

The Wilshire 5000 closed at 11,499.54, up from 11,149.40 since my last post on 2/13/10. The Wilshire 5000 is now 8.64% above it's 200-day moving average.

The Investor's Intelligence Survey was released on Thursday night of last week, as it is every week. This week's reading was 35.6% BULLS, and 27.8% BEARS, for a spread of 7.8%. This is in comparison to a reading of 34.1% BULLS, and 27.8% BEARS, for a spread of 8.0% on February 10th. This is the tightest spread we have seen since tracking this blog, and is the most bearish we have seen the sentiment on the market. We continue to see the bearish sentiment creep up toward the 30 level. A financial newsletter stated today that a 35.0% reading on the bearish side would usually indicate that the market is wiped out, and ready for an upturn. Food for thought.

The Volatility Index closed today at 20.02, down from 22.51 at the date of my last post. The VIX is getting close to breaking that important 20 mark. This, along with the aforementioned data, seems to suggest that perhaps the market is getting ahead of itself short term. That is a sentiment that a newsletter that I read suggested, and I tend to agree with.

Now for the portfolio...
1) Verizon at $29.02, down 12.18% for the year.

2) AT&T closed at $26.22, down 1.76% for the year.

3) GE closed at $16.17, up by 6.87% for the year.

4) Citigroup closed at $3.42, up by 3.32% for the year.

5) TBT, the doubleshort U.S. Treasury ETF closed at $49.57, down by .62% since our buy.

6) FXP, the doubleshort China ETF, closed at $9.34, up 8.35% since my buy.

7) GOOD closed at $13.97, up by 3.64% since my buy.

8) NLY closed at $17.33, up by 2.48% since my buy.

9) X closed at $53.29, up by 20.81% since my buy.

10) AAPL closed at $201.67, up by 4.09% since my buy.

Overall, the portfolio is up by 3.44% (-2.39% for the DOW Dogs), versus .02% for the Wilshire 5000. The gap between my performance and the overall market has shrunk to 3.42% outperform, down from 3.58% last week.

Have a great week, and happy trading! I will update the portfolio at the end of next week, as always, with possibly a post or two on other topics thrown in the mix.