Today’s sudden rise in prices around 1pm kind of caught me of guard. Didn’t see it coming based on what I saw in the pre-market and the first 2 hours of the morning trading. We are now up 8.18% on the S-fund YTD. The C-fund is up 5.57% YTD. January is not even closed yet, so this is getting a little scary. I would feel a whole lot better about the rise in prices if Bonds would just rollover and confirm that they are in a downtrend. Today Bonds actually finished the day with a gain. I track the 20 and 10 year bond index as well as Barclay’s that run our Bond fund and all 3 look like on the weekly they are rolling over, but then you get these little spikes daily that throw you for a curve. We still have 2 more full weeks of earnings to report so there is still a lot to drive stocks for those two weeks. How will this week end? I really want to hang on to all these gains, so I’m watching my charts like a hawk to give me a sign or signal that this uptrend might slow down.
For now, roll tide.
No comments:
Post a Comment