The first month of the year is coming to a close quickly and to date it has been awesome. Does it make you scratch your head and ponder, “What could the next 11 months possible bring me?”, yeah me too. If you were all S since January 1st, you are up 8.26%. But if you are like me and had a 50-50 spilt C an S, then your looking at a 6.53% gain. After a month like this and a year like the last, I feel the only smart thing to do is pull out and stick it all into the G. But here is the problem, I’m a trend trader and nothing is telling me to get out or is it?
Well I see no reason to put up a lot of charts this weekend because every index is pointing up and I cannot find a crack anywhere that would indicate that there might be a reversal. I look at daily, weekly and monthly charts of every index and nothing. If I had one thing to say that would be negative is the Bonds. All five days this week bonds went up with Wednesday being the largest surge that was confirmed with volume. Then Thursday and Friday, price went up but volume went down. Next week we should get an idea what bonds are going to do. I said in last week post to be careful and I would not invest here, but that did not pan out. But this week bonds are going to be up against overhead resistance and more earning reports in the stock market and if they stay with the current pattern, stocks should go up and bonds down. No one can predict the future but I can see a trend and I will not fight this current uptrend in stocks. The small caps are just on fire and I will stay put until I see a crack in the trend. I will also stay clear of bonds.
TSP Distribution: C-fund 50%, S-fund 50%
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