Rest of the week plan.

To say I’m a little disappointed in the SPY(S&P 500), is an understatement. I really do not want to move my retirement account out of the index, but I see no choice in the matter if I stay true to the rules. If the the entire weekly trading bar is below the 50 week MA and the RSI is below 50, we are in or beginning a downtrend. As of Wednesday’s closing we have both ingredients, so this is going to be the plan. Friday morning if the entire trading bar is still below at 11am, I will logon to TSP and move the funds out and into the G-fund.

The small cap, DWCPF index is currently safe, but that can and will likely change by next week at the latest. If the S&P rolls over, then you can expect the Small Cap to follow suit. I’m actually  surprised it didn’t get there first, but it was the strongest of the two indexes this time.

My charts this time look a little different because I’m now using and testing ThinkofSwim. It is a very complex piece of software and given a few weeks, I will tweak it into a very useable platform. The amount of information inside this software is incredible.

Friday morning, I will try to post something close to 11am, to let you know if I’m pulling the chute on the S&P 500. I also promised updates on my shorts and I will do them in my next post tonight.