Tuesday, July 9, 2013

It doesn’t get much closer.

sp-daily

The closing price today on the S&P500 was within .13 cents in firing a buy signal. Even if it had closed above, you or I would still need follow through tomorrow in order to make a move. Price needs to close above $1352.45 but you could argue at or above $1352. Technically you could argue that it did close above $1352. So if you’re brave and price is solid above $1352 tomorrow, Wednesday, buy 11:45am, take the signal and run with it.

I’m already 50% in the C-fund, so I do not need or I’m I waiting on a buy signal. The S-fund fired 2 days ago and things are looking good. I hate being on the fence. I hate being wishy washy, so let’s just say tomorrow if price is holding solid above $1352, we will call the buy signal. If not, we will pause.

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