01/17/14

Good Evening,

I liken the current market to sleeping. The market is currently sleeping on its side, but will it roll over on its belly or onto its back?  At this time we must remain vigilant for either/ or…

Stocks finish the week mixed

 

The week’s trading left us with the following signals: C-Neutral, S-Buy, I-Buy, and F-Buy. Our current allocation is 42/C, 58/S. It has gained +0.58% in 2014. Here are the latest posted results: 
01/16/14
Fund G Fund F Fund C Fund S Fund I Fund
Price 14.3025 15.8814 23.8597 34.0225 25.5727
$ Change 0.0009 0.0353 -0.0318 0.0160 0.0007
% Change day +0.01% +0.22% -0.13% +0.05% +0.00%
% Change week +0.04% +0.12% +0.21% +0.58% +0.32%
% Change month +0.11% +0.89% -0.06% +1.05% +0.03%
% Change year +0.11% +0.89% -0.06% +1.05% +0.03%
  L INC L 2020 L 2030 L 2040 L 2050
Price 16.8434 21.8352 23.5091 24.8954 14.0992
$ Change 0.0006 -0.0031 -0.0047 -0.0055 -0.0038
% Change day +0.00% -0.01% -0.02% -0.02% -0.03%
% Change week +0.10% +0.18% +0.23% +0.26% +0.29%
% Change month +0.16% +0.18% +0.21% +0.25% +0.25%
% Change year +0.16% +0.18% +0.21% +0.25% +0.25%
Trading is still within an ascending wedge pattern. I expect that it will eventually break below the wedge and pull back. It’s highly unlikely that it will break higher and set new highs without another pullback.
Is the market rolling over? Possibly, but it’s really to hard to say at this point. We’ll watch the charts and make the necessary adjustments to our allocation sometime next week. Keep praying and may God continue to bless your trades! Have a great weekend. It should be a long one for most of you. Remember, there will be no trading Monday due to the holiday.
God bless,
Scott8-)

 



Written By

Scott Grimes

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