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

  • 04/13/26

    Good Afternoon, Are ya’ll  getting motion sickness? I think I am. What a volatile up and down, give and take market! It looks like its going to be a bad day then it reverses. Then is looks like we’re going to make a lot of money and the market tanks. There’s just no rest for…

  • 04/06/26

    Good Morning, The world remains in turmoil. So what else is new. My charts continue to tell me that this market is bottoming but fundamentals would suggest otherwise. Which one do I follow? Of course I will roll with the math as I almost always do. It has and uncanny way of predicted what might…

  • 03/30/26

    Good Morning, PAIN  This market is clearly defined by pain. There is a pot of gold at the end of the rainbow that seems to remain just our of reach. Everyone knows that the market will rally when the conflict in Iran is resolved given that the straight of Hormuz is open for business. That…