Good Evening, There’s nothing else to call it but choppy. We did manage another gain though, and I thank the Lord for that.
Investors soul search after jobs report
The week’s action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Neutral. Our current allocation is 42/C, 58/S. That’s how we have our money invested, not how the money comes our of your check. That should always be 100% G in case it is added to your TSP on a bad market day. Our allocation is off slightly at -0.28% on the year but will be in green pastures on our next report as today’s gains will be factored in at that time.
As I mentioned before, getting back into the I Fund looks attractive based on today’s results. However, it you’ll take a glance at the monthly results you will see that we have been in the right place. We’ll take a look at that fund later when we rebalance.
The rising wedge drawn from the October low still dominates the pattern. A PMO crossover sell signal was generated yesterday, but it is not decisive because of the recent flat trading.
Considering the choppy action, things are going pretty well in 2014. With today’s results we managed to show a positive return for the first time this year. Lets all pray that we don’t enter negative territory again this year! Next week we have earnings reports up with a smattering of economic news. As always, we will monitor the action from our charts and react to the signals they give us. That’s all for tonight. Have a great weekend and remember, it’s not what you make, but what you keep. May God continue to bless your trades.
Scott
