You should know by now that I’m on vacation driving around the United States and Canada. I will not be back until June 30th or so. I still have to watch my retirement daily, so this is my levels and what I watching.
C-fund or S&P 500 took a hit last week and we are close to a warning. First level is the CBL at $1633. A close below that puts us on warning. A close below the uptrend line would by default be below the moving average, so bailing would be approved at that point. Let’s hope for a reversal. Those out waiting to get in, watch for the pivot low. It has to be a higher pivot low to be valid. Take my word for it, it has to be above $1536.
Small Cap or S-fund is even closer to a warning and the level is $852.20. A close below that level would fire warning 1. A close below the uptrend line would be the bailout. $788.69 is the point that a higher pivot low has to be created in order to get back in.
International fired a warning Thursday and confirmed it Friday. Crap! The moving looks like it will be the next to fall, as $61.02 is currently that level. A close below the uptrend would be a bailout and a small loss if you got in when I did where you see those green double arrows. A higher pivot low is needed before $58.44, after that this trend is busted. Still holding and watching closely.
Bonds are still a mess and I see no reason to be unless your bottom fishing. I do not bottom fish.
Next looks to be critical because if prices do not start back up hill soon, bailing on all indexes could happen soon. Summer time blues in the stock market. I’m glad I’m on vacation and not reading or watching any news. I can comfortably say, it’s nice not reading it.
Have a great week.
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