05/28/14

Good Evening,

At last a good day for bonds…

Stocks in retreat mode Wednesday

 

 

The day’s action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Buy. I’ve never seen equities and bonds have sustained buy signals at the same time before. Usually, when stocks are up, bonds are down and vice versa. It leaves the picture very cloudy as to where to go. Sometimes there will be all buy signals at the same time for a few days while either stocks or bonds are on the rise and the other one is dropping, but never like this. My thought is that this clearly shows the confused nature of the market. Traders do not seem to feel secure when the market heads up, so money continues to flow into bonds. Another train of thought that was mentioned at CNN Money today, is that the bond market is anticipated additional stimulus measures from the European Central Bank, which could mean that bonds will be purchased. Either way, with stocks constantly bumping into overhead resistance and solid buy signals in bonds, I am sticking with bonds. That is, at least until a sell signal is generated. Eventually, something has to give. Our allocation, now sits at -2.88% on the year, not including today’s results. 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. The analysis is by Erin Swenlin:
I’ve made the annotation for overhead resistance along the rising tops trend line longer so we can see how close this new resistance line is. Volume was still blah but the PMO is still rising up and away from its EMA. We could finally see the PMO break away from its sideways noisy pattern of movement.
0528
Nothing new to say. The long term picture remains foggy so it’s bonds for now. Have a great evening!
God bless,
Scott 8-)

 



Written By

Scott Grimes

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