04/29/14

Good Evening,

Today brought gains in the same trading range which is (do you have it memorized now) 1860 to 1890 for the S&P 500. Not to sound like a broken record, but nothing will be truly gained or lost until that trading range is broken. As I stated yesterday, I’m calling myself a bear and I’m expecting to see more downside in May. The market will never make any meaningful progress until we have a real correction. On to today’s action….

 

Buy, buy Tuesday! The market win streak continues

 

 

The day’s action left us with the following signals: C-Buy, S-Sell, I-Buy, F-Buy. We are currently invested at 08/G, 92/F. Our allocation is currently -3.87% on the year not including today’s results. Here are the latest posted results:
04/28/14
Fund G Fund F Fund C Fund S Fund I Fund
Price 14.3963 16.1858 24.3031 33.3334 25.8796
$ Change 0.0029 -0.0030 0.0799 -0.1769 -0.0222
% Change day +0.02% -0.02% +0.33% -0.53% -0.09%
% Change week +0.02% -0.02% +0.33% -0.53% -0.09%
% Change month +0.18% +0.75% -0.03% -3.61% +0.48%
% Change year +0.77% +2.82% +1.79% -1.00% +1.23%
  L INC L 2020 L 2030 L 2040 L 2050
Price 16.9893 22.0545 23.7447 25.1339 14.2327
$ Change 0.0056 0.0092 0.0087 0.0066 0.0035
% Change day +0.02% +0.03% +0.04% +0.04% +0.03%
% Change week +0.02% +0.03% +0.04% +0.04% +0.03%
% Change month -0.49% +0.11% -0.10% -0.26% -0.40%
% Change year +1.20% +1.03% +1.19% +1.22% +1.21%
Same ole, same ole, we’re in the same trading range. There’s been a lot of movement both up and down, but as we approach the end of the month the Dow and S&P are barely changed. That is what I am talking about.
0429
For the record, I do not agree with the trend lines that are drawn above. Either way, you can take their zone or mine. The bottom line is that we are in a zone…… I will continue to monitor the charts, but I do not expect to make any moves until resistance is broken one way or the other. That’s all for tonight. God bless and have a great evening!                                                                                                                                                                 Scott 8-)

 



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…