05/30/14

Good Evening,

Stocks ended up making a very slight profit on low volume. Was it a little end of the month profit taking or could it be something more? All in all it was a pretty nice week for stocks and I might add, a surprising one given that it was the month of May. I know that you all feel a lot of pressure to be in equities and some of you already are, which was definitely a good move for this week. Nevertheless, I still feel uncomfortable with this market. It is just not as stable as I would like to see it. Also, as I have repeatedly pointed out, this is the poorest season for stocks. Traditionally, only 10% of the markets gains occur between March and September which the reason they all like to say “Sell in May and go away.” The point is this, there’s a lot of headwind for this market now and I really can’t explain why it continues to melt up. That my friends is why I’m still in bonds…

 

Stocks hit another record, have a great May

 

 

 

The week’s trading 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 -2.62% on the year not including today’s results. Here are the latest posted results: 

05/29/14
Fund G Fund F Fund C Fund S Fund I Fund
Price 14.4253 16.4105 25.0236 34.3428 26.5846
$ Change 0.0009 -0.0139 0.1365 0.1539 0.0797
% Change day +0.01% -0.08% +0.55% +0.45% +0.30%
% Change week +0.04% +0.42% +1.06% +1.13% +0.94%
% Change month +0.19% +1.23% +2.16% +1.82% +1.67%
% Change year +0.97% +4.25% +4.81% +2.00% +3.99%
  L INC L 2020 L 2030 L 2040 L 2050
Price 17.1277 22.421 24.2332 25.7194 14.5993
$ Change 0.0160 0.0529 0.0726 0.0886 0.0567
% Change day +0.09% +0.24% +0.30% +0.35% +0.39%
% Change week +0.26% +0.57% +0.72% +0.82% +0.91%
% Change month +0.61% +1.16% +1.42% +1.59% +1.74%
% Change year +1.85% +2.87% +3.30% +3.56% +3.81%
Here’s what the SPY looked like today: Analysis by Erin Swenlin Heim
“Price has now met with overhead resistance. Looking at the 10-min bar chart above, there could be follow-through on that end of day rally next week. Volume continues to be below average but the PMO is accelerating its move higher.”
0530
Stocks continue to melt up and bonds continue to outperform. Given the uncertainty of stocks hitting a new record everyday, I will continue to stick with bonds as long as their charts generate buy signals. That’s all for the month of May!  Have a great weekend and I’ll see you on Monday. May God continue to bless your trades!
Scott8-)

 



Written By

Scott Grimes

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