01/21/14

Good Evening,

Recently I was asked why I did this newsletter. My friend inquired “That is a lot of work and you really don’t get anything for it so why do you do it?” This was my answer to him: You have obviously figured out the reasons that I do not do it for, but let me tell you why I do. The enemy (Satan) comes to steal, kill and destroy. One of his greatest tools is to make slaves of men through financial bondage. By making them slaves he is able to keep them from doing the work of God and to destroy their families as a bonus. In many cases he is even able to keep them from knowing God in the first place. The reason I do this newsletter is to free men (and women) from this bondage and give them victory over the forces that seek their destruction. Ephesians 6:12 states the following about this battle:      ” For we wrestle not against flesh and blood, but against principalities, against powers, against rulers of the darkness of this world, against spiritual wickedness in high places.” God is with this group and He gives us the victory, so let us give Him the praise! Speaking of victory, we had a nice day in the market and that should keep us above board on the year…

The Dow Jones industrial average tumbled Tuesday on cautious guidance from three blue chip companies, but the broader market was supported by shares of two big industrial companies

The day’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 +0.21% on the year. Here are the latest posted results: 
01/17/14
Fund G Fund F Fund C Fund S Fund I Fund
Price 14.3035 15.8894 23.7678 33.9022 25.6173
$ Change 0.0010 0.0080 -0.0919 -0.1203 0.0446
% Change day +0.01% +0.05% -0.39% -0.35% +0.17%
% Change week +0.05% +0.17% -0.18% +0.23% +0.49%
% Change month +0.12% +0.94% -0.45% +0.69% +0.21%
% Change year +0.12% +0.94% -0.45% +0.69% +0.21%
  L INC L 2020 L 2030 L 2040 L 2050
Price 16.8367 21.8124 23.4767 24.8549 14.074
$ Change -0.0067 -0.0228 -0.0324 -0.0405 -0.0252
% Change day -0.04% -0.10% -0.14% -0.16% -0.18%
% Change week +0.06% +0.08% +0.09% +0.10% +0.11%
% Change month +0.12% +0.08% +0.08% +0.08% +0.08%
% Change year +0.12% +0.08% +0.08% +0.08% +0.08%
Let’s keep an eye on the chart for the C-Fund. It seems to be struggling a bit.
The SPX slipped down Friday on expanding volume. Since it was an options expiration day, we really can’t count on the volume to be meaningful in relation to the price change.
We are beginning to need to re-balance our allocation. However, a few more days of data might be helpful. Keep an eye on your E-Mail for the change. I will study tonight’s results and make a decision as to whether to wait for additional data or to re-balance at this time. We can give God praise for another good day as we handily out-performed the Dow. Nevertheless, we need to remain vigilant as the big picture has not changed. As you can see from the chart above, the market continues to bump against overhead resistance. What does that mean? The chart (which is of the S&P 500) is a fairly accurate representation of the market as a whole. What it tells us is that the market is currently in a solid upward trend and will probably make further gains, but the gains will come against a headwind that will not allow a repeat of 2013. As usual, we will take what it gives us. That’s all for tonight. Have a nice evening.
                                                                                                                                          God bless, Scott8-)

 



Written By

Scott Grimes

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