Good Evening,
Well the thrift funds were kind of flat today, but things were different. Two things to be precise. #1 The action in underlying stocks was better. A lot of the leaders such as TSLA and SCTY made nice reversals and closed well. #2 Instead of closing poorly the major indices closed strongly, most at their highs for the day. #3 Did I say there was a #3? Guess not, but I’m adding one anyway. The Nasdaq was in the green all day. Why is this important? The Nasdaq in most cases is an early indicator of the overall direction that the market will take. Its strong close bodes well for the short term trend. #4 Guess I’ll add a #4 as well….The quick reversal fits the pattern of what has happened for the past three years which also bodes well for the short term. I’m not sure if it’s all the cheap FED money or computer trading that has caused this phenomena. I would still like to think that things will return to pre-2009 normal, but I’m beginning to think that this could be the new norm. We really won’t know for sure until the FED money dries up. Either way, I’ve got a set of indicators that will work in a market that is trading in both manners, so I’ll just keep reading my charts. If the market does return to pre-2009 form, I’ll be ready. But I’ll bet that in that instance a lot of people will be lost. It appears that they have become so accustomed to trading in this manner that they won’t be able to adapt to the change. After all, what they are doing now is easy– buy it and hold it. The good traders are the ones who will adapt, improvise and overcome…
Wall Street shrugs as global markets sink
| 03/11/14 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.3522 | 16.0106 | 24.2289 | 34.8044 | 25.6916 |
| $ Change | 0.0009 | 0.0102 | -0.1228 | -0.2919 | 0.0167 |
| % Change day | +0.01% | +0.06% | -0.50% | -0.83% | +0.07% |
| % Change week | +0.03% | +0.11% | -0.54% | -1.21% | -0.49% |
| % Change month | +0.07% | -0.49% | +0.50% | -0.05% | -0.82% |
| % Change year | +0.46% | +1.71% | +1.48% | +3.37% | +0.50% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 16.9454 | 22.0404 | 23.7685 | 25.2007 | 14.2838 |
| $ Change | -0.0125 | -0.0433 | -0.0620 | -0.0782 | -0.0494 |
| % Change day | -0.07% | -0.20% | -0.26% | -0.31% | -0.34% |
| % Change week | -0.10% | -0.32% | -0.42% | -0.50% | -0.57% |
| % Change month | +0.04% | +0.00% | -0.01% | -0.02% | -0.04% |
| % Change year | +0.77% | +1.12% | +1.32% | +1.48% | +1.57% |
