This is why I use the system that I created for myself and share with all of you. It is not perfect, but it sure takes the drama out making decisions and keeps you in longer. I agree sometimes it is painful, but anytime your dealing with a down market, even short term, it is painful to watch you money decrease in value.
The Small Cap and International are both back on track and all warnings have been cancelled. The Old CBL’s have been turned back on and will move higher when price dictates. Uptrend line is safe and price is above the 50 day moving average. So as far as I’m concerned, that last pullback in the market no longer exist and we move forward from here with exit signals.
If you were out of these funds as of yesterday, today is a good re-entry day as long as we are sideways or up by 11:30am today.
The S&P 500 did take out the last key point or last lower pivot high which is good thing. The old CBL has not been recaptured, so we still have some work to do. Looking at the pre-market this morning this should happen today. Conclusion here is that one warning is still in effect because of that old CBL. Technically speaking though by the rules most stock buyers use, taking out that last lower pivot high is a buy signal, so a re-entry into the C-fund could be used here as long as we are sideways or up by 11:30am.
Smile if you stayed in and use the information you see if your out. We did all this without watching the news and reading news on the internet. That’s what makes me smile.
Have a great day.
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