S&P500 was down 1.79%, Small Cap down 2.14%, Nasdaq down 2.48%, Dow down 1.39 % and European Index down 2.22% in one day. For the week the S&P 500 down .5%, Small Cap up .5%, Nasdaq down .09%, Dow down .5%, and European Index down .5%, so it really wasn’t that devastating after all. Point of view of information is and how you look at things can makes all the difference. I have not listen to or watch Market news since Wednesday morning so I really do not know what drove the markets down, but from a charting point of view, it looked like profit taking.
So the weekly movement really wasn’t all that bad, but how about our trends? Well because of all the selling Friday it rolled all 5 indexes into one big Red Flag. Yes, they all fired at the same time and it is the first warning. Unless there is a very heavy buying pressure to drive the markets up Monday and Tuesday, I see no way that all 5 indexes will not have to fire their second warning Flag. So if this trend continues, I will be forced out of the market come Tuesday. Conclusion, Monday and Tuesday once again are very important in that we need up days both days and one of the days has to be 1% or greater. Otherwise the math and trend will force me out. Charts below are in this order, S&P500, Small Cap, Nasdaq, Dow, and European.
TSP distribution: C-fund 40%, S-fund 40%, I-fund 20%
| Fund | YTD |
| G Fund | +0.22% |
| F Fund | +0.29% |
| C Fund | +1.59% |
| S Fund | +0.44% |
| I Fund | +1.68% |
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