What a turn of events Thursday and Friday. We went from a beginning downturn to a totally reversal to the upside which should be be confirmed Monday by 11 to 11:30am. All 5 indexes are all saying the same thing at the same time, so it is hard to argue the point. I really had a hard time believing the indicators that we were entering a down trend knowing that the FED was going to be pumping money into the market, but based on what I seeing in the charts and how fast my long positions were being closed out, it was hard to argue the down trend indicators.
Every chart below is showing two consecutive days green with a RSI above 50 and some of the MACD’s turning up. The Small Cap looks to be running the fastest of the 5. Monday morning if the market is holding steady or climbing and the charts are still printing green by 11 or 11:30am, I will be rolling back into the C,S, and G. I might even consider the I, but haven’t made up my mind yet.
TSP distribution: G-fund 100%
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