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Wednesday, October 22, 2008

Another Bob Brinker Buy Signal Possible

Bob Brinker fans take note! Today the market closed a tiny bit lower than its October 10, 2008 low but on lower volume.

Click charts courtesy of stockcharts.com for full size images
More S&P500 Charts

This is the type of "successful test of the low" that BobBrinker has used in the past to give buy signals. I would not be surprised if he issues a bulletin soon.

Click charts courtesy of stockcharts.com for full size images

Of course, Brinker has been fully invested since March 2003 and gave many buy signals at much higher levels already. Thus any announcements of a new "buy level" now would be more entertainment than value to his subscribers.

Chart of Bob Brinker "All-In" Buy Levels
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More S&P500 Charts

My Recent Buys

Equities:
Using profit taking dollars from selling shares (announcement in pdf) when the market was higher, I recently purchased Google (GOOG Charts) at $310 for my personal and newsletter explore portfolios. I also bought Spiders (SPY charts) at $87.54 for my personal core portfolio to rebalance when the market was at an extreme oversold level.

Fixed Income: I also recently purchased a 4.30%, 1-year CD at Wachovia Bank.

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