05/01/14

Good Evening,

Today was another day of give and take and yes, we’re still in the zone… The S&P 500 moved up to resistance at 1890 and was repelled, putting us right back into our trading zone between 1840 and 1890. Let’s look at things and try to determine if the market will take another shot at breaking that overhead resistance….

 

Stocks: Nasdaq on 3-day rally

 

 

The days action left us with the following signals: C-Buy, S-Neutral, I-Buy, F-Buy. We are currently invested at 08/G, 92/F. Our allocation is now -3.73% on the year not including today’s results. Here are the latest posted results:
04/30/14
Fund G Fund F Fund C Fund S Fund I Fund
Price 14.3982 16.2104 24.4935 33.7274 26.1468
$ Change 0.0010 0.0403 0.0743 0.1982 0.0940
% Change day +0.01% +0.25% +0.30% +0.59% +0.36%
% Change week +0.03% +0.13% +1.12% +0.65% +0.95%
% Change month +0.20% +0.90% +0.75% -2.47% +1.51%
% Change year +0.78% +2.98% +2.59% +0.17% +2.28%
  L INC L 2020 L 2030 L 2040 L 2050
Price 17.0233 22.163 23.8939 25.3163 14.3491
$ Change 0.0157 0.0457 0.0628 0.0770 0.0483
% Change day +0.34% +0.09% +0.21% +0.26% +0.31%
% Change week +0.84% +0.23% +0.53% +0.67% +0.75%
% Change month +0.32% +0.31% +0.39% +0.37% +0.32%
% Change year +2.03% +1.23% +1.69% +1.85% +1.94%

SPY is still struggling below the resistance zone.
It’s been day to day on whether it is best to be in equities or not. The last few days have gone to equities. Several days before tha,t bonds and cash worked better. Lately, it has really depended on what time of day you check the market as to whether you are up or down regardless of where you are invested. The bottom line is that this market acts an awful lot like it is putting in a top. I still favor a deeper correction sometime in May. Either way, I’ll do what the charts tell me, but I will be mentally prepared for a correction. That’s all for tonight. May God continue to bless your trades.
Have a nice evening!
Scott8-)

 



Written By

Scott Grimes

  • 09/15/25

    Good Morning, When we went into September invested at 100/S many folks said we’d get knocked out. Well, guess what? We’re still standing. There were many including some in our group that basically said “you messed up this time, no sir not me, I’m not doing that. September is always the worst month for the…

  • 09/08/25

    Good Morning, The train left the station after Fridays jobs report. That may have well been the bottom of the current dip. It is now highly likely that the Fed will reduce rates on Sept 17th. More on that later. Right now lets focus on our trains next stop which will be Wednesdays Producer Price…

  • 09/01/25

    Good Afternoon, Happy Labor Day! I hope this note finds you enjoying some fine cuisine fresh off the grill! Well here we are starting a new month. The dreaded month of September. The weakest month for the stock market since the 20’s and here we are 100% invested in equities. What gives? First of all…