01/06/14

Good Evening, A third negative day in row. However, there has been no serious damage so far to the charts and the action to this point should only be considered a healthy pullback after a nice run.

Stocks start the week with modest losses

The day’s action left us with the following signals: C-Buy, S-Buy, I-Buy, and F-Sell. Our current allocation is 42/C, 58/S. It is -0.75% on the year so far.

There is no serious damage to the S&P index just yet. Someday it will continue down and several people will proclaim that they were right. However, they will fail to mention the last dozen times they attempted to call the top and were wrong. It’s best to stay away from anyone that claims that they can call the top. Those same people probably claim to know when the rapture is coming as well and we all know what scripture says about that. The bottom line is this: Calling the top or the bottom of a market is pure luck. If you don’t think so, then watch to see how many people are able to do it twice. I’ve never seen that happen. No, we’ll continue to watch our charts, which will tell us when to sell and it will take a lot more of downturn than this before that happens. No guessing here! All that said, I don’t really expect anything much to happen one way or the other ahead of Friday’s jobs report. Lets all hope that I am wrong and we are pleasantly surprised. It is possible that the release of the FED minutes from December could jolt things a bit, but other than that I don’t see much positive between now and Friday! Don’t forget to keep praying for God’s guidance of our group. May He continue to bless your investments!

Scott8-)




  • 07/13/25

    Good Day, I’ve been on the road again. So I am off schedule on the blog, but nevertheless we will get one in this week. However, be advised that whether I’m on the road or not we are always watching our charts and will put out an alert if and when we move our money.…


  • 07/08/2025

    Good Morning, Writing this blog has been a challenge for me since I returned from vacation. Today they refreshed the word press at the website and for some unknown reason I am unable to sign in from my PC. I did update my laptop since last week. So I now have a newer more powerful…


  • 06/29/2025

    Good Afternoon, I have technical problems a plenty today. I finally signed into the website after an hour of trying. I’m not sure whether the problem is on my end or their end, but I finally got signed in using my old (slow laptop). I’m running a diagnostic on my other machines in an attempt…