Can you see it?

What can I say about this market or uptrend that we are in that has not already been said in the news? Not much, but I will say this, you know we have been in a long uptrend since September and we all know that it cannot last forever, so just beware that it could end. Do not get all exited and throw all in at this point, because from here on in it gets scarier by the day. But, we are not going to pull out of the market now just because of the run. No, what we are going to do is not call a top and we going to ride this puppy until our CHARTS say otherwise. Not the news man on TV, not the guy who prints the stock letter for price, not the Mutual Fund manager who controls millions, and not the guy or gal sitting beside you giving their expertise opinion with no  money invested or wishing they were invested. It is the CHART. You can see price and you can see movement and if you use the Heikin Ashi with the 8 and 21 day moving average, it will help you see it. Green is good and red is bad, but there is a little more to it than that. Two or more Green or Red days in a row along with more than one index at a time following suit, helps confirm.

Right now the S&P500, Nasdaq, and Small Cap are all over extended and over bought if you look at RSI and MACD, but price continues up. Everything I see is Green so we stay invested until. Until price and trend reverse. That’s it! We ride and wait. Charts below for your review.

TSP distribution: G-fund 20%, C-fund 40%, S-fund 40%

I did forget to mention that International index, EFA which represents our I-fund, made a nice recovery this week. Since the C and S are doing so well, I see no reason to risk money overseas at the moment. If the EFA breaks above the $59.57 level and hold above, then maybe I would be willing to throw my G money at it. Based on the Green Flags, 1/13/2011 or Thursday was the official re-entry point, but if your not in the EFA, I would wait for the breakout.