04/25/14

Good Evening,

Oh yeah, it was good to be a bear today. The charts called this one and for what seems like a rare occasion in 2014, we were in the right place…

 

Stocks end week in red as tech gets hammered

 

 

The week’s trading left us with the following signals: C-Buy, S-Neutral, I-Buy, F-Buy. We are currently invested at 08/G, 92/F. Our allocation is now -3.85% on the year, not including today’s results. Here are the latest posted results:
04/25/14
Fund G Fund F Fund C Fund S Fund I Fund
Price 14.3934 16.1888 24.2232 33.5103 25.9018
$ Change 0.0009 0.0163 -0.1974 -0.5470 -0.0862
% Change day +0.01% +0.10% -0.81% -1.61% -0.33%
% Change week +0.05% +0.38% -0.06% -0.83% +0.42%
% Change month +0.16% +0.77% -0.36% -3.10% +0.56%
% Change year +0.74% +2.84% +1.46% -0.48% +1.32%
  L INC L 2020 L 2030 L 2040 L 2050
Price 16.9837 22.0453 23.736 25.1273 14.2292
$ Change -0.0257 -0.0898 -0.1280 -0.1611 -0.1028
% Change day -0.72% -0.15% -0.41% -0.54% -0.64%
% Change week -0.05% +0.05% +0.02% -0.01% -0.04%
% Change month -0.52% +0.07% -0.14% -0.29% -0.43%
% Change year +1.18% +0.99% +1.15% +1.18% +1.18%
This week’s top is lower than the one earlier in the month. Now we need to see a lower low to declare a declining trend. The PMO has topped and the rising trend line drawn from the February low defines the bottom of a rising wedge pattern, a pattern we normally expect to resolve downward.
As I said yesterday, upper resistance has been tested and now we are on the way back down. Lower resistance for the C Fund is at 1860. If that is broken, then you can be pretty sure that we have a real correction on our hands. I expect this resistance level to be breached in May. For now, I am very comfortable with our allocation. If we can get a real correction we should be able to make some decent money on the way back up. That’s all for this week. Have a nice weekend!
God bless,
Scott8-)

 



Written By

Scott Grimes

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