Good Evening,
The S&P 500 set a new record today, but the action seemed a little weak.
S&P 500 hits new high as Ukraine fears fade
Today’s modest gains left us with the following signals: C-Buy, S-Buy, I-Buy, F-Neutral. We are currently invested at 28/C, 34/S, 38/I. Our allocation is +0.31% on the year. Here are the latest posted results:
| 03/05/14 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.3468 | 16.0589 | 24.3002 | 35.2755 | 25.7807 |
| $ Change | 0.0008 | -0.0010 | 0.0034 | -0.0592 | 0.0473 |
| % Change day | +0.01% | -0.01% | +0.01% | -0.17% | +0.18% |
| % Change week | +0.03% | -0.19% | +0.80% | +1.30% | -0.47% |
| % Change month | +0.03% | -0.19% | +0.80% | +1.30% | -0.47% |
| % Change year | +0.42% | +2.02% | +1.78% | +4.77% | +0.85% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 16.9594 | 22.0972 | 23.8522 | 25.3088 | 14.3531 |
| $ Change | 0.0017 | 0.0045 | 0.0048 | 0.0046 | 0.0032 |
| % Change day | +0.01% | +0.02% | +0.02% | +0.02% | +0.02% |
| % Change week | +0.12% | +0.26% | +0.34% | +0.41% | +0.44% |
| % Change month | +0.12% | +0.26% | +0.34% | +0.41% | +0.44% |
| % Change year | +0.85% | +1.38% | +1.68% | +1.91% | +2.06% |
The I Fund was the winner today. Clear cut proof that small caps (S Fund) don’t work every day.
This market continues to plod ahead as best as it can with overhead resistance. The bears have a good argument that it’s extended and due for a rest. It also acts like a market that’s topping with a lot of action in Chinese junk stocks, but at the risk of being redundant I will say that you must respect the trend and that trend is up. This current rally has gone on since 2009. Trends always have a way of going on longer than you and I think are reasonable, but the market has a mind of its own and what we think really doesn’t matter. What does matter is the bottom line. We will continue to make money while we can. This market has been extended for 3 years now and it has absolutely punished the bears! The only thing we can do is what we’ve already done. Read our charts and react to the action that’s before us, no matter how unreasonable it might appear. That’s all for tonight. Remember, it’s not what you make, it’s what you keep!
God bless and have a great evening!
Scott
