04/29/14

Good Evening,

Today brought gains in the same trading range which is (do you have it memorized now) 1860 to 1890 for the S&P 500. Not to sound like a broken record, but nothing will be truly gained or lost until that trading range is broken. As I stated yesterday, I’m calling myself a bear and I’m expecting to see more downside in May. The market will never make any meaningful progress until we have a real correction. On to today’s action….

 

Buy, buy Tuesday! The market win streak continues

 

 

The day’s action left us with the following signals: C-Buy, S-Sell, I-Buy, F-Buy. We are currently invested at 08/G, 92/F. Our allocation is currently -3.87% on the year not including today’s results. Here are the latest posted results:
04/28/14
Fund G Fund F Fund C Fund S Fund I Fund
Price 14.3963 16.1858 24.3031 33.3334 25.8796
$ Change 0.0029 -0.0030 0.0799 -0.1769 -0.0222
% Change day +0.02% -0.02% +0.33% -0.53% -0.09%
% Change week +0.02% -0.02% +0.33% -0.53% -0.09%
% Change month +0.18% +0.75% -0.03% -3.61% +0.48%
% Change year +0.77% +2.82% +1.79% -1.00% +1.23%
  L INC L 2020 L 2030 L 2040 L 2050
Price 16.9893 22.0545 23.7447 25.1339 14.2327
$ Change 0.0056 0.0092 0.0087 0.0066 0.0035
% Change day +0.02% +0.03% +0.04% +0.04% +0.03%
% Change week +0.02% +0.03% +0.04% +0.04% +0.03%
% Change month -0.49% +0.11% -0.10% -0.26% -0.40%
% Change year +1.20% +1.03% +1.19% +1.22% +1.21%
Same ole, same ole, we’re in the same trading range. There’s been a lot of movement both up and down, but as we approach the end of the month the Dow and S&P are barely changed. That is what I am talking about.
0429
For the record, I do not agree with the trend lines that are drawn above. Either way, you can take their zone or mine. The bottom line is that we are in a zone…… I will continue to monitor the charts, but I do not expect to make any moves until resistance is broken one way or the other. That’s all for tonight. God bless and have a great evening!                                                                                                                                                                 Scott 8-)

 



Written By

Scott Grimes

  • 05/05/25

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  • 04/29/2025

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  • 04/21/25

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