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-)

 




  • 10/06/25

    Good Afternoon, I am certainly praying for all of you effected by the ongoing government shutdown. I have been there done that and it was no fun. So far the market has shook the shutdown off as it obviously thinks that it won’t last long. My thought is that the market won’t give the shutdown…


  • 09/29/25

    Good Morning, Well this months almost over and so far the major indices are still holding modest gains in the +1.5% range. If we can manage to hold onto or add to those gains we will have achieved what a lot of folks said we could not do. We will have made a profit when…


  • 09/22/25

    Good Morning, Well we got the Fed meeting that we wanted with a quarter point interest rate decrease with the indication that the Fed is planning on two more rate cuts in 2025. As a result, we find ourselves in the odd position of holding a profit in late September. I said in last weeks…