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

  • *****Interfund Transfer*****

    Good Evening, It’s time to adjust our mix. The new mix is 100/G Please remember that this is the percentage of money that we have invested in each fund, not the money that is taken from your check and deposited into thrift. Those future contributions should always be 100% G Fund. That automatically protects your…

  • June 11, 2025

    Good afternoon and welcome to this guest update. For those who don’t know me, I’m Jacqueline Smith, Scott’s daughter. I’ve learned a great deal about his technical approach over the years and he’s asked me to share our current analysis while he is on a well-deserved retreat to some of our beautiful National Park Service…

  • 05/26/25

    Good Morning, I’d like to say that everything is changed and we are now moving on to a new phase of this market, but we are not. This market continues to be controlled by tariff negotiations, inflation and the Fed as it has been for several months now. It is more important than ever to…