The S&P 500 is totally safe right now and has had an incredible run since the low was hit August 25th and September 28th. The daily call that was made a few weeks back is still working and there are no warnings here. What concerns me now is when does that steep angle of attack…
Well, what to say? What a mixed bag going into November. I can honestly say here that I’m not even sure what I will do Monday, but my gut is telling me one of the L-funds. We have one index that is a buy and the rest are still a sell. The closing price is…
So looking at the charts for the last 2 to 3 weeks it is all about the S&P 500. It is absolutely on fire and practically on a solo march to higher prices. The only difference this week is that the NASDAQ followed or lead the S&P 500. The International and Dow Jones30 also appear…
Watching the price action the last couple of weeks is encouraging. Maybe soon things will get back to normal and all this chop will end. Last week we got a new higher pivot low. We also got our first closing price above the current monthly moving average. The 50 day moving average is rising, price…
Excellent week for stocks almost across the board. Most indexes were up 2.3% to 4.7%. We had two more indexes fire and confirm buys on the daily charts. They would be the C-fund and I-fund. F-fund has been a daily buy for awhile now. The only fund we have left that hasn’t fired is the…
Today was another good day on the market and even I’m beginning to think that things might be turning. I’m cautious, but aware that daily prices are moving back up. The S&P 500 stayed above the green CBL and today closed above the 50 day ma. That means the two things required to fire an…
The S&P 500 did not hold the $1987 level today, so the the buy signal failed. The green CBL is still good and we now wait for price to close back above the 50 day ma and try again when that happens. The International index never made it to the 50 ma today, so we…
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