OldDix TSP

Another rough week on the market and I am sure you, like me, are beginning to think it might be time to scale back or bailout. This is a long-term game and when the time comes, I will get out. Let me just say this before I show you the closing numbers. We are reaching levels that are concerning. My stock portfolio is getting smaller and smaller because I have been selling positions that reached 5% sell levels and others that indicated it was time to take the profit. Today I had to sell one of my longest holds and that was Apple.

Let’s see the numbers.

This week I will cover our charts and where we are along and after my conclusion, I will talk a little about Tesla and ETFs. Last week, the entire market just felt like a selloff or profit taking. I think once I show you the S&P 500 daily chart you will come away with the same feeling about last week’s move that I do.

So let’s get to it.

I was actually hoping this September we would see no drama but after this weeks churn that hope may be fading. There was no safe haven for investors unless you were 100% G-fund. Damage? There was a little but it was not as bad on the charts as you might think. Nothing goes up forever and what happens next week will likely be more telling than what we saw this week. I started selling stock positions because I didn’t want to give up profits earned but that doesn’t mean I closed all positions. I’ll have more over the weekend.

For now, enjoy your evening and have a good weekend relaxing.

Did you think I forgot you this weekend? The markets are closed today, so I saw no need to post anything until now. The markets began September positive, but there was a small shift going on last week. Does it mean anything? Not sure because it is too soon to know but I will point those shifts out as we move through the charts.

So let’s get to it.

August is in the books and we have our first 3 trading days of September in the books. It’s a very good start.

No where near as good as August 2020, but I will always be happy with a 1.82% gain in one month period.

Over the weekend I posted my move going for Monday morning. Nothing has changed since that post. So if you missed it, scroll down one post and read my new setup or just click the DixMix button.

S&P 500 new all-time highs again today!

Last week we saw one of our indexes finally break out of a six month pattern. I will also make another move Monday because of that breakout. New highs, new highs, and new highs, seem to be the theme and you have to wonder when the party will end. The way we follow trends should get us out before we have to give it all back as long as we do not see the bottom just fall out. When that day comes, is anyones guess, so let’s get to the charts and see what we see.

For the first time in along time, the FED speaking did not kill the markets. We ended up having a good week. Two more trading days left in August.

For the 8th time since February, the Small Cap has reached resistance. What will happen this time? Do we fear the FED, Federal Reserve, speaking Friday?

Place your bets.