Good Evening,
No doubt about it, the profit taking kicked in after 7 days of positive market action. I’m not surprised and actually expected it before now given the volatility that we’ve had so far in 2014. All I have to say after the last V-Shaped bounce is that we’ll have to watch the charts and see what happens…
Stocks stay in red after Fed minutes
The day’s trading left us with the following signals: C-Buy, S-Buy, I-Buy, F-Neutral. We are currently invested at 40/C, 15/S, 45/I. Our allocation is -1.36% so far in 2014. Here are the latest posted results:
| 02/18/14 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.3336 | 16.0187 | 23.8467 | 34.1866 | 25.6609 |
| $ Change | 0.0036 | 0.0283 | 0.0314 | 0.3129 | 0.3284 |
| % Change day | +0.03% | +0.18% | +0.13% | +0.92% | +1.30% |
| % Change week | +0.03% | +0.18% | +0.13% | +0.92% | +1.30% |
| % Change month | +0.11% | +0.18% | +3.45% | +3.51% | +4.60% |
| % Change year | +0.33% | +1.76% | -0.12% | +1.53% | +0.38% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 16.8871 | 21.8932 | 23.5719 | 24.9626 | 14.1359 |
| $ Change | 0.0232 | 0.0746 | 0.1017 | 0.1245 | 0.0807 |
| % Change day | +0.14% | +0.34% | +0.43% | +0.50% | +0.57% |
| % Change week | +0.14% | +0.34% | +0.43% | +0.50% | +0.57% |
| % Change month | +0.85% | +2.05% | +2.57% | +2.93% | +3.31% |
| % Change year | +0.42% | +0.45% | +0.48% | +0.52% | +0.52% |
C Fund:
F-Fund:
So far, there is no real damage to the charts. Whatever the case, we will continue to trust in God as we always have. My thought has always been that this will continue to be a difficult year as the trust level in this market has bound to have eroded with it being so extended after last year’s fabulous run. Gains may not be impossible, but they will be harder to come by. It has been my thought (As I have repeated several times lately) that 2014 is unlikely to be a repeat of 2013. I’ll admit, the big V-shaped bounce caught me by surprise. However, the news today from the IMF and the Fed make me believe that we are going to have more choppy action ahead. This bounce has many traders believing that there is some sort of permanent underlying support, but a reversal like we saw today is a reminder that things can change in a hurry. We will keep praying and reading our charts. That much will never change. God bless and have a great evening.
Scott
