When things are on the move like they are now, I like to take more time to post on the current conditions and what I see. Yesterday after I moved back into the market, I was not really all that happy about the move. At the decision time, it was green and I had to go with what I saw. Today’s up move help make me feel a little better, but looking at todays charts, not so much. The C, S, indexes S&P 500 and the $DWCPF both fired a second red warning today. Follow that up with the NASDAQ and DOW 30 agreeing and we have signals telling me to pullout and bail to G. The exception was the International fund which did fire its first warning today, but overall that chart looks pretty good.
So what to do with all this information? Today the markets were up almost across the board. They just were not up a lot. Since the type of charts I use average in 6 days worth of data, I think I will have to wait this time to see what happens the next few days. With that said, I do have boundaries. If tomorrow we are down and all indexes are red and the the S&P 500 is below $1294.26 by 11:30am, I will bail without a second thought. If we are treading water above $1294.26 or rising, I will stand my ground. The S-fund or Small Cap also has to hold $678.15 or I will bail here. I believe the EFA or I-fund is safe tomorrow.
Right now at 9:45pm the pre-market is 2.75 points up which is good but no guarantee that the market will be up tomorrow. The Asian markets are up half of one percent, so unless the news in the middle east is worse than whatever, the markets should be up. Nothing is for sure in the stock market, so if I’m going to bail, I will post it by 11:30am. Below find the charts with write ups inside all indexes. Happy trading and may the markets always favor the TSP.
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