04/14/14

Good Evening,

Stocks made an effort at a bounce today, but was it a dead cat bounce?

 

Stocks bounce back…somewhat

 

 

The days action left us with the following signals: C-Sell, S-Sell, I-Neutral, F-Buy.  We are currently invested at 08/G, 92/F. Our allocation is now -3.91% on the year including today’s results. Here are the up to date posted results:

04/14/14
Fund G Fund F Fund C Fund S Fund I Fund
Price 14.3831 16.1784 23.7902 33.0772 25.4922
$ Change 0.0029 -0.0146 0.1939 0.1238 -0.0305
% Change day +0.02% -0.09% +0.82% +0.38% -0.12%
% Change week +0.02% -0.09% +0.82% +0.38% -0.12%
% Change month +0.09% +0.70% -2.14% -4.35% -1.03%
% Change year +0.67% +2.77% -0.36% -1.76% -0.28%
  L INC L 2020 L 2030 L 2040 L 2050
Price 16.9165 21.8473 23.4707 24.8094 14.0276
$ Change 0.0190 0.0534 0.0718 0.0864 0.0539
% Change day +0.11% +0.25% +0.31% +0.35% +0.39%
% Change week +0.11% +0.25% +0.31% +0.35% +0.39%
% Change month -0.32% -1.04% -1.41% -1.69% -1.93%
% Change year +0.59% +0.24% +0.05% -0.10% -0.25%
Here’s what the SPY looked like today:
Today’s rally qualifies as a snapback rally, which we normally expect after support is broken. Once again volume contracted on an up day, failing to confirm the move.
 I’m not convinced. Regardless of whatever kind of short-term stuff the market throws our way, intermediate-term indicators imply that the correction is not over, and that a test of the rising trend line is still likely. I won’t be surprised at more down side. By the matter of fact, I’m betting on it. That’s all for tonight. May God continue to bless your trades! Have a nice evening.
God bless,
Scott8-)

 



Written By

Scott Grimes

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