Good Evening,
Yet another day of reversals and we’re still in that zone.
Stocks: Down Friday, but up for the week
The week’s 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 -3.53% on the year not including today’s results. Here are the latest posted results:
| 05/01/14 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.3991 | 16.2477 | 24.4917 | 33.8001 | 26.2408 |
| $ Change | 0.0009 | 0.0373 | -0.0018 | 0.0727 | 0.0940 |
| % Change day | +0.01% | +0.23% | -0.01% | +0.22% | +0.36% |
| % Change week | +0.04% | +0.36% | +1.11% | +0.86% | +1.31% |
| % Change month | +0.01% | +0.23% | -0.01% | +0.22% | +0.36% |
| % Change year | +0.78% | +3.22% | +2.58% | +0.38% | +2.65% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 17.0305 | 22.1821 | 23.9196 | 25.3472 | 14.3686 |
| $ Change | 0.0072 | 0.0191 | 0.0257 | 0.0309 | 0.0195 |
| % Change day | +0.14% | +0.04% | +0.09% | +0.11% | +0.12% |
| % Change week | +0.98% | +0.28% | +0.62% | +0.77% | +0.88% |
| % Change month | +0.14% | +0.04% | +0.09% | +0.11% | +0.12% |
| % Change year | +2.17% | +1.27% | +1.77% | +1.96% | +2.07% |
The S&P 500 (C-Fund) was off -0.13% today on average volume keeping in squarely in the zone we have been watching between 1840 and 1890. Today’s close was at 1881.14. I found it a bit odd that the unemployment dropped 4/10 of a point to 6.3% and we didn’t have a reactionary rally. Instead we sold the news. I still expect resistance at 1890 to be challenged again next week, but I also expect to see the same results. I have gone on record as saying I think there will be a correction in May. I could be wrong, but I’d rather be safe than sorry. I just don’t see much up side in equities right now. The ideal situation would be for a correction through the summer with a nice rally in the fall. That would give us all a nice opportunity to make some money on the year. Here’s to hoping and praying. I’ll be doing a lot of the former and little of the latter. Our plan is to play it safe until the market moves out of this trading zone. There’s a few people in TSP that timed in right and are up around 10%, but the majority of the players are close to even. This zone is way too tight to time. I probably can, but if not successful it would be more like spinning my wheels. No, I’ll wait until this market makes a move. There will be plenty of time to jump in when that occurs and that’s a whole lot better than getting squeezed. Been there, done that. That’s all for this week. You all have a great weekend. The weather should be greatly improved.
God bless,
Scott
