Good Evening,
The market came though with a moderate bounce today. Things have been so crazy that I’m not even going to speculate on what comes next.
Modest move up for stocks as tech rebounds
The days trading left us with the following signals: C-Neutral, S-Neutral, I-Buy, F-Buy. We are currently invested at 38/C, 42/S, 22/I. Our allocation is now -2.34% on the year not including today’s results. Here are the latest posted results:
| 04/07/14 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.3764 | 16.1157 | 23.9646 | 33.5732 | 25.7643 |
| $ Change | 0.0028 | 0.0295 | -0.2604 | -0.5744 | -0.0643 |
| % Change day | +0.02% | +0.18% | -1.07% | -1.68% | -0.25% |
| % Change week | +0.02% | +0.18% | -1.07% | -1.68% | -0.25% |
| % Change month | +0.05% | +0.31% | -1.43% | -2.92% | +0.03% |
| % Change year | +0.63% | +2.38% | +0.37% | -0.29% | +0.78% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 16.9374 | 21.9456 | 23.6126 | 24.9881 | 14.1447 |
| $ Change | -0.0279 | -0.1013 | -0.1447 | -0.1820 | -0.1163 |
| % Change day | -0.16% | -0.46% | -0.61% | -0.72% | -0.82% |
| % Change week | -0.16% | -0.46% | -0.61% | -0.72% | -0.82% |
| % Change month | -0.20% | -0.59% | -0.81% | -0.98% | -1.11% |
| % Change year | +0.72% | +0.69% | +0.65% | +0.62% | +0.58% |
The S Fund led the pack today at +0.78%, but that’s only about half of what it dropped yesterday. It has a ways to go to repair recent damage. Here’s what the C Fund looked like today: The C Fund moved back over it’s 50 EMA after being stopped at lower resistance that has been established in the 1840 Range. Should the price drop below that resistance the next target would be at about 1740 which is the low water mark of the January sell off. Also the past two days action tested but did not break through the lower trading range of the ascending wedge. Price has room to move back up and will not encounter upper resistance until close to 1900. Of course these patterns usually resolve by dropping. We will see. Also worth noting is a possible head and shoulders pattern being formed with the left shoulder in early March and the head in the past few days. Of course a head and shoulders pattern is a bearish pattern. That one is weak, but worth mentioning to show you how to look for new patterns developing on the charts. We’ll keep an eye on it in the coming weeks. Volume was again average and the PMO remains below it’s 50 DMA. I have rated this chart at neutral for that reason.
That’s all for tonight. We’ll take whatever the market throws at us and keep working with it. Have a nice evening.
God bless,
Scott 
