05/01/14

Good Evening,

Today was another day of give and take and yes, we’re still in the zone… The S&P 500 moved up to resistance at 1890 and was repelled, putting us right back into our trading zone between 1840 and 1890. Let’s look at things and try to determine if the market will take another shot at breaking that overhead resistance….

 

Stocks: Nasdaq on 3-day rally

 

 

The days action 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 -3.73% on the year not including today’s results. Here are the latest posted results:
04/30/14
Fund G Fund F Fund C Fund S Fund I Fund
Price 14.3982 16.2104 24.4935 33.7274 26.1468
$ Change 0.0010 0.0403 0.0743 0.1982 0.0940
% Change day +0.01% +0.25% +0.30% +0.59% +0.36%
% Change week +0.03% +0.13% +1.12% +0.65% +0.95%
% Change month +0.20% +0.90% +0.75% -2.47% +1.51%
% Change year +0.78% +2.98% +2.59% +0.17% +2.28%
  L INC L 2020 L 2030 L 2040 L 2050
Price 17.0233 22.163 23.8939 25.3163 14.3491
$ Change 0.0157 0.0457 0.0628 0.0770 0.0483
% Change day +0.34% +0.09% +0.21% +0.26% +0.31%
% Change week +0.84% +0.23% +0.53% +0.67% +0.75%
% Change month +0.32% +0.31% +0.39% +0.37% +0.32%
% Change year +2.03% +1.23% +1.69% +1.85% +1.94%

SPY is still struggling below the resistance zone.
It’s been day to day on whether it is best to be in equities or not. The last few days have gone to equities. Several days before tha,t bonds and cash worked better. Lately, it has really depended on what time of day you check the market as to whether you are up or down regardless of where you are invested. The bottom line is that this market acts an awful lot like it is putting in a top. I still favor a deeper correction sometime in May. Either way, I’ll do what the charts tell me, but I will be mentally prepared for a correction. That’s all for tonight. May God continue to bless your trades.
Have a nice evening!
Scott8-)

 



Written By

Scott Grimes

  • 05/05/25

    Good Morning, Inevitably, we will have a down day and today is it. Believe it or not the S&P 500 has gone up the past nine sessions and it’s been a long time since it’s done that. So a down day today is not so bad. The recent run has pretty much put things back…

  • 04/29/2025

    Good Afternoon, This was a Fed Driven market. It was all about when the Fed would be reducing interest rates based on inflation and that’s still the case to a certain degree, but in all actuality everything is waiting on the outcome of the tariff situation. So given that fact I’m going to say that…

  • 04/21/25

    Good Afternoon, The sky is falling right??? Well…..that all depends on your point of view. One thing we can all agree on though. This is a difficult market. It is not a pleasant market to trade. I’ve had more than a few comments and questions mostly off the record. It’s going down we’re losing money….…