Today I got caught up training someone at work and I did not bailout of the S-fund. Looks like price close right on the CBL line, so I will wait again to see what happens. The C-fund held the CBL line again today, so I do not see me bailing tomorrow.
Stocks above the 150 day moving average. If you click that link to the left you will see that we fell again today even though the markets were actually up. This is very disappointing and not a very good sign of things ahead. The bright spot is that the S&P 500 held the $1310 support line and I feel if we loose 1310 to 1309, we could rush down to $1292 in a hurry. That is the next support point and after that is $1266. The last two days of trading has resolved nothing so we still have to wait for direction.
Another negative is that the Small Cap index is working a 10 week crossing down through the 30 week moving average and that is bad, bad, bad. This normally means that 7 to 8 weeks minimum of downward pressure.
Since last Monday, I took a 3.2% loss and that doesn't seem very fair since it took me 5 months to earn 9.43%. Why the downside has to hurt so much more is beyond me. Today I got .48% back, but that is not making me smile.
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