By all indication on this chart we should be enter a Bull market tomorrow where more than 65% of the S&P 100 stocks are above their 150 day moving averages. This is a great indication that you could by any stock with a good bottom line and likely make money on it. This is a good sign for the C and S funds.
Last Friday the S&P 500 fired off a buy signal and confirmed Monday and I took that entry. Today the Small Cap closed above the 50 day ma so this completes the rules and it also fired off a buy signal. Tomorrow by 11:30 – !2:00 noon, we need follow through to confirm the buy signal. If the markets are down, then this does not mean great, lower prices, let’s jump in. It means the buy signal is invalid today and we must wait for and up day.
Do you really feel LUCKY? The International fund closed right on top of the 50 day ma and it now is firing off and buy signal. It is the same here, if the markets are down, then no, if up then yes. The only thing that scares me here is it is the International fund and things seem to happen here quickly. So that means it could quickly make you a bunch or money, but guess what, it could also do the opposite.
Tomorrow I will first wait to see what the markets are doing but here is the play book. If the Small Caps are up, I’m in. If the international Index is up, I’m in. I might just dip my toe into the International. If they are down, I will do nothing. Let’s assume they are up, I’m thinking I will take my last 50% and divide it 40% Small Cap and 10% International. All depends on the markets.
I will do my best to post my move by 11:30 – 11:45. Good Luck
Currently 50% – C and 50% – G
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