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
| 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% |
“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.”
