April Allocation

March...what a great month!! It finished with a very good performance, even if I feared it because invested in overstretched assets. But this is the momentum power and the strength of trend follower methods. They are going to reward until.. the trend doesn't end. But who can say when it will finish?  We could be in a year like 2007 with strong fall coming in equity markets in the next quarters. On the other hand with all liquidity around, we could be in a market like 1998-99, where there were huge gains even if with bubbles all around. Personally I think that there's a bubble in Euro government bond, it's insane to have negative yields.  But I'll continue to surf market (and euro bonds), being conscious that at some point I'll have to take stop losses on the most recent trades.
Let's go and comment with the new allocations.

MODEL 1: it was allocated 100% on the US Equity. It closed with a gain higher than 3% thanks to currency effect. I remind you that all my strategies are elaborated by an European point of view with currency un-hedged. The new allocation for April is Euro Government 1-3years. Basically the model take profits and go conservative. If you can have a positive rate on a sight account this is the month for it. I have Conto Arancio at 1% ad I'll go on it.

MODEL 2: this model invested in US equity as well taking advantage of Dollar strength. The new allocation for April is Euro Government 15-30 years. This model is more volatile than Model 2 and finds extra performance in another stretched market.

MODEL 3: it invests in 2 ETFs each month. In March it was invested in Treasury 7-10 years and euro govies 15-30 that had both good performances in euro. In April the model confirms the euro government 15-30years, but switches from Treasuries to Gold. It's the first time since March 2014 that model invest in Gold and I must admit that it lost money in the previous two gold's allocations.

This is the table with monthly and ytd performance. It will be difficult that the 2015 will continue like in the first quarter.

Summary: all models are going to modify the asset allocation in April. 
Model 1 will invest in Euro-gov 1-3 years; 
Model 2 will invest in Euro-Govies 15-30 years; 
Model 3 will invest in Euro-Govies 15-30years and gold.