Six days ago we hit an all time high on the S&P 500. We were overbought and needed a pause or sideways movement in order to work that condition off. It didn’t take long with the news about the budget crisis, “AGAIN”, to bring price back down and finish within 5 cents of our first…
I will post more on the read for the week Saturday or Sunday. Have a great weekend.
Another very nice week and what it did is put everything back on track. Back on track for what you might be asking? Making new high’s!! All 3 of our primary indexes made new high’s this week, S&P 500, Small Cap, and International Index. Indexes that I watch but do not talk about here very…
All I can say is wow!! If the overnight future prices hold up, we are going to have a 1% higher open or about 18 points up on the S&P 500. We are approaching all time high’s again on the S&P and Small Cap. I’ll take it.
Above we have the S&P 500, Small Cap, and International Index. Do you like boring? I love boring when things are going up and I have nothing to do but ride the wave. Currently this is the condition of all three indexes above. All the old CBL’s are back in effect and working. Price is…
This is why I use the system that I created for myself and share with all of you. It is not perfect, but it sure takes the drama out making decisions and keeps you in longer. I agree sometimes it is painful, but anytime your dealing with a down market, even short term, it is…
Sorry for the delay on my post but it was wedding weekend. Lot’s of folks visiting and lot’s of stuff to do. This past week we did have a 1.36% gain on the S&P 500 but that was just a drop in the bucket on reversing this current pullback. We are still slightly below the…
I could take many days talking about my daily charts and how I make my decisions on my moves, but it boils down to a combinations of items. I use a Count Back Line, CBL and Moving Averages, 50 day, and trend lines. I try to give either the uptrend or downtrends enough room so…
Ok, as promised here is the report for the moves that the charts are saying using monthly charts. The rules. At the close of the last trading day of the month, you have to make a decision to get in or get out of a particular fund. You have to use the 10 period moving…
That was a very ugly week and it turned into a very ugly month. What I want to do is look first at the monthly charts and give a long term view. Because this is the weekend or the end of the month that you are suppose to make long term decisions. I will take…
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