November 30, 2016 SPY Signal = HOLD

November 30, 2016

Your $1,000,000 investment in SPY ( 4905 shares )as from January 1, 2016 is now worth $1,080,964.

That is a gain of $80,964 for watching grass grow. ( excluding dividends ).

No commission, no risk associated with owning a specific equity, and no share going to a third party investment advisor.

You can also take comfort in knowing that SPY is the standard against which all professional portfolio managers are measured and in knowing that more than 80% don’t outperform SPY.

What is ahead ? Just market risk for the 500 big cap USA companies in your SPY portfolio. And, that risk will be addressed by the fact that, as a trend follower, I will not sit still for a protracted ride down. At any month end where the price of SPY is below SPYs 200 day trailing average of price, I will exit the market.

As of November 30, 2016 the price of SPY was $220.34 while its 200 day moving average was $209.47 and that is why I am staying in the market and holding SPY.

Richard Maurice Gore

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