05/20/14

Good Evening,

The lack of FED money to fuel the market is finally taking it’s toll. The media will point to today’s poor retail reports, but the real culprit is the FED money or should I say lack of it….. There’s just not enough left to fuel another escape for the trapped bulls….

 

Retail havoc drives Dow down 138

 

The day’s action left us with the following signals: C-Neutral, S-Sell, I-Neutral, F-Buy. We are currently invested at 08/G, 92/F. Our allocation is now -3.07% on the year not including today’s results. Here are the latest posted results: 
05/19/14
Fund G Fund F Fund C Fund S Fund I Fund
Price 14.416 16.3293 24.5524 33.6475 26.1806
$ Change 0.0029 -0.0088 0.0959 0.2800 -0.0520
% Change day +0.02% -0.05% +0.39% +0.84% -0.20%
% Change week +0.02% -0.05% +0.39% +0.84% -0.20%
% Change month +0.12% +0.73% +0.24% -0.24% +0.13%
% Change year +0.90% +3.73% +2.84% -0.07% +2.41%
  L INC L 2020 L 2030 L 2040 L 2050
Price 17.0517 22.1989 23.9316 25.3538 14.3683
$ Change 0.0126 0.0347 0.0491 0.0624 0.0387
% Change day +0.07% +0.16% +0.21% +0.25% +0.27%
% Change week +0.07% +0.16% +0.21% +0.25% +0.27%
% Change month +0.17% +0.16% +0.16% +0.15% +0.13%
% Change year +1.40% +1.85% +2.01% +2.09% +2.17%
Today’s S&P 500 close of 1879.03 leaves us firmly in the trading zone between 1840 and 1890 that we have been observing since February. As I have repeatedly noted, nothing in this market will change until the price breaks out of that zone. Also, as I have previously said, there is a lot more room to run down than up. Down is the resolution that I favor with the wind of negative seasonality and less Fed money at our back.
Here’s what the SPY looked like today:
Volume was below average, but we could be seeing it dwindle with the holiday coming up this Monday. The PMO had a negative crossover, as we suspected it would yesterday. It’s still far too noisy to use it as a reliable gauge of momentum
0520
Our plan for the summer remains unchanged. We will play defense until we get enough of a correction to create a decent re-entry point into the equity market. I won’t paint a false picture for you though, it looks like it will be choppy for the foreseeable future. That’ s all for tonight. May God continue to bless your trades.
Scott8-)

 



Written By

Scott Grimes

  • 01/12/26

    Good Morning, I woke up this morning and looked  at the notifications on my phone and I was like what? A criminal investigation of Jerome Powell? What kind of fake Facebook post is that?? Then I saw a thing or two from a couple of the major networks and I immediately realized that this might…

  • 01/05/26

    Good Morning, Lets roll!! It’s a new year. We have a new and perfected system. I feel like we’re ready for anything the market can throw at us. Does that mean I think this is going to be the best year ever? No, not necessarily. I think it’s going to have it’s challenges and I…

  • 12/29/25

    Good Day, Well this is the last blog of 2025. Was it a better year? Well the returns were better but you had to work harder to get them as well. Overall, it was a volatile year with the Fed interest rate/ Inflation issue, tariffs,  the AI trade and the government shut down dominating the…