To say things are starting to look desperate is putting it lightly. The S&P500 has broken down through the major resistance line, she has broken though the 50 Week MA and my gut says close my C-Fund now. The rules state that I have to wait until the entire trading bar for the week is below the 50 week MA, which would make the closing price for a week be below the 50 week Ma. So, I do nothing this week, but if this trend continues, then next Friday I will be closing my position in the C-fund which is represented by the SPY index.
The small cap fund or the DWCPF index is not much better off, but the weekly trading bar and closing price as of today is still above the 50 week MA. The trading bar and closing price has penetrated below the resistance line, but for now it is safe. There is nothing to do with the S-fund, small cap, or DWCPF as of this week but to ride it.
If you’re looking for a comment about the European, EFA index, or I-fund, all I can say is, “Look out below". You should have already bailed unless you know something.
The S&P500 or SPY is on the left and the Small cap is on the right.
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