Good Evening,
Wow, another up day on low volume. It sure seems like another V-Shaped bounce. I really don’t think that’s possible with the FED now being less accommodating. Problem is, nobody is talking about the FED….
Zoom! Stocks break more records
The day’s action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Buy. We are currently invested at 08/G, 92/F. Our allocation is now -2.88% on the year. Here are the latest posted results:
| 05/27/14 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.4235 | 16.363 | 24.9106 | 34.2934 | 26.5099 |
| $ Change | 0.0038 | 0.0217 | 0.1487 | 0.3351 | 0.1721 |
| % Change day | +0.03% | +0.13% | +0.60% | +0.99% | +0.65% |
| % Change week | +0.03% | +0.13% | +0.60% | +0.99% | +0.65% |
| % Change month | +0.18% | +0.94% | +1.70% | +1.68% | +1.39% |
| % Change year | +0.96% | +3.95% | +4.34% | +1.85% | +3.70% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 17.1107 | 22.3758 | 24.1734 | 25.6488 | 14.5555 |
| $ Change | 0.0277 | 0.0828 | 0.1134 | 0.1388 | 0.0882 |
| % Change day | +0.16% | +0.37% | +0.47% | +0.54% | +0.61% |
| % Change week | +0.16% | +0.37% | +0.47% | +0.54% | +0.61% |
| % Change month | +0.51% | +0.96% | +1.17% | +1.31% | +1.44% |
| % Change year | +1.75% | +2.66% | +3.04% | +3.28% | +3.50% |
Here’s what the SPY did today. Analysis by Erin Swenlin:
“Price gapped up this morning and remained there through the close. While this breakout is substantial, it isn’t decisive just yet. A decisive breakout is a 2% move away from resistance, so we are looking for price on the SPY to reach about 193. The PMO is continuing to rise higher after the positive crossover its EMA which generated a PMO BUY signal. The PMO has now moved past previous tops and may be finally picking a direction. Volume is still well below average, but with yesterday being a holiday it isn’t surprising.”
What can I say? The bulls are in control. The breakout isn’t decisive yet though. That is normally considered to be 2% over the upper resistance level. I don’t feel comfortable chasing this. The Bulls may make me pay for my skepticism. We’ll just have to wait and see. However, this round isn’t totally over just yet. All our charts are giving buy signals now so it’s really a crap shoot. I’m just satisfied to make a small profit in bonds for now. The time may come when I’ll have to say I was wrong. Either way, I’ll keep praying and trusting God. May He continue to bless your trades!
Scott
