Good Evening,
A slow day on low volume. There’s not really much we can take from it. We should know a lot more about how the market is going to behave later this week when all the traders are back from the holiday and more earnings reports start rolling in. Low volume = bad health = no confidence………but isn’t that how all those V-Shaped bounces started? I wouldn’t be surprised with a few good earnings reports to see another one. However, as I said on Thursday, I don’t have much confidence after the S&P 500 hits 1890. Well I guess we’ll see….
Stocks: Dull day until Netflix news
The day’s trading left us with the following signals: C-Neutral, S-Sell, I-Buy, F-Buy. We are currently invested at 08/G, 92/F. Our allocation is now -4.19% on the year not including today’s results. I agree, we’ve done better in the past, but this year is far from over. Here are the latest posted results:
| 04/17/14 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.3859 | 16.1278 | 24.2371 | 33.7924 | 25.7933 |
| $ Change | 0.0010 | -0.0505 | 0.0345 | 0.1332 | 0.1257 |
| % Change day | +0.01% | -0.31% | +0.14% | +0.40% | +0.49% |
| % Change week | +0.04% | -0.40% | +2.72% | +2.55% | +1.06% |
| % Change month | +0.11% | +0.39% | -0.31% | -2.28% | +0.14% |
| % Change year | +0.69% | +2.45% | +1.52% | +0.36% | +0.90% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 16.975 | 22.0406 | 23.7376 | 25.1366 | 14.2365 |
| $ Change | 0.0069 | 0.0303 | 0.0425 | 0.0530 | 0.0355 |
| % Change day | +0.25% | +0.04% | +0.14% | +0.18% | +0.21% |
| % Change week | +1.88% | +0.46% | +1.13% | +1.45% | +1.67% |
| % Change month | -0.47% | +0.02% | -0.16% | -0.29% | -0.39% |
| % Change year | +1.23% | +0.94% | +1.12% | +1.19% | +1.22% |
The C Fund which we use to track the market as a whole closed at 1871.89 today. It did so on low volume with its third straight close over its 20 EMA. Two of the indicators I use are again showing positive for this chart bringing it back into neutral territory. It still has a little work to do to bring the PMO back over its 20 EMA as well as its (overall price) 5 EMA back over its 20 EMA, both of which are needed to generate a buy signal. Our overhead target remains 1890. I still believe it will be difficult to overcome resistance at that level. Given the overall picture, I think I’ll just stay put at 08/G, 92/F. After all, should we turn down hard, it would once again become fashionable in a hurry. I’d be lying if I didn’t say that I feel just a little squeezed right now. That’s all for tonight. May God continue to bless your trades.
Have a nice evening.
Scott 
