Well another week in the books and it appears that it will be another week that I will have nothing to do but watch. Sometimes it is frustrating to watch, specially when there are stocks I want and they look so cheap or others bragging about how great they are doing, but this time, I sit. No pivot low was created this week, this weeks trading high price was lower than the week before, and the closing price closed lower than the resistance line.
The positives are the RSI is still above 50 and the entire weekly trading bar is not below the 50 week MA and the closing price was not below the 50 week MA. With that said, the trend does not look good. If we have another week next week, like this week, I might be pulling money out of the SPY index or C-fund.
The small cap index, S-fund, or DWCPF, had a much stronger week than the S&P and the EFA, but it still closed weaker and looks like a down trend is possible.
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