Good Evening,
A new record for the Dow! That’s great until you look beyond the major indices….
Dow hits new record Friday
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 -3.32% on the year not including today’s results. Here are the latest posted results:
| 05/08/14 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.4057 | 16.2844 | 24.4064 | 33.2431 | 26.3156 |
| $ Change | 0.0010 | 0.0111 | -0.0273 | -0.2725 | 0.1856 |
| % Change day | +0.01% | +0.07% | -0.11% | -0.81% | +0.71% |
| % Change week | +0.04% | +0.17% | -0.21% | -1.87% | +0.35% |
| % Change month | +0.05% | +0.46% | -0.36% | -1.44% | +0.65% |
| % Change year | +0.83% | +3.45% | +2.22% | -1.27% | +2.94% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 17.0253 | 22.1459 | 23.8602 | 25.2654 | 14.3159 |
| $ Change | 0.0010 | 0.0034 | 0.0002 | -0.0049 | -0.0020 |
| % Change day | -0.01% | +0.01% | +0.02% | +0.00% | -0.02% |
| % Change week | -0.34% | -0.03% | -0.14% | -0.22% | -0.30% |
| % Change month | -0.23% | +0.01% | -0.08% | -0.14% | -0.20% |
| % Change year | +1.80% | +1.24% | +1.61% | +1.71% | +1.74% |
Today’s S&P close of 1878.48 leaves us still firmly in the zone. Here’s the SPY for the day:
Volume remains below average and resistance still holds.
“Rev Shark: My biggest concern about this market is that I don’t think we can really run until the DJIA and S&P500 also undergo at least a small correction. The disconnect between the senior averages and the average stocks is one of the most severe I’ve ever seen and the history is that it is usually resolved by the stronger components coming down rather than the weaker elements gaining strength.”
I’m in total agreement and that is why I will remain in a defensive posture until this plays out. That’s all for this week. Have a great weekend.
God bless,
Scott
